General Announcement

Reference No CC-080305-60112

Company Name

:

IRE-TEX CORPORATION BERHAD

Stock Name

:

IRETEX

Date Announced

:

05/03/2008

Type

:

Announcement

Subject

:

PUBLIC SHAREHOLDING SPREAD

Contents

:

Further to the announcement on 27 February 2008, Ire-Tex Corporation Berhad ("ITCB" or "the Company") wishes to announce that Bursa Malaysia Securities Berhad has via its letter dated 5 March 2008 granted the Company an extension of time of 6 months until 30 June 2008 to comply with the public shareholding spread requirements pursuant to Paragraph 8.15(1) of the Listing Requirements of Bursa Malaysia Securities Berhad

The public shareholding spread of the Company according to the Record of Depositors of ITCB as at 31 December 2007 is as follows:

Number of Public Shareholders: 991

Percentage of public shareholding: 45.00%

At this juncture, the Company has yet to formulate a formal rectification plan to increase the number of public shareholders. However the Company endeavours to formulate a rectification plan to encourage more public participation in the shares of ITCB and increase the liquidity of its shares.

This announcement is dated 5 March 2008.