Share Buy-back Statement In Relation to the Proposed Renewal of The Authority For Scanwolf Corporation Berhad ("the Company") to Purchase Up To 10% Of Its Own Issued And Paid-up Share Capital

July 3, 2009

General Announcement
Reference No CM-090702-35337

Company Name : SCANWOLF CORPORATION BERHAD
Stock Name : SCNWOLF
Date Announced : 03/07/2009

Type : Announcement
Subject :
SHARE BUY-BACK STATEMENT IN RELATION TO THE PROPOSED RENEWAL OF THE AUTHORITY FOR SCANWOLF CORPORATION BERHAD (“THE COMPANY”) TO PURCHASE UP TO 10% OF ITS OWN ISSUED AND PAID-UP SHARE CAPITAL

Contents :

The mandate granted by shareholders of the Company at the Second Annual General Meeting of the Company held on 30 July 2008 for the Company to purchase its own ordinary shares of RM0.50 each representing up to 10% of the issued and paid-up share capital of the Company (“Authority for Share Buy-Back”) shall expire at the conclusion of the Third Annual General Meeting to be convened on 22 August 2009.

In this regard, the Board of Directors of the Company wishes to announce that the Company proposes to seek a renewal of the Authority for Share Buy-Back to be considered under Special Business at the forthcoming Third Annual General Meeting.

A statement on the proposed renewal of the Authority for Share Buy-Back will be issued to shareholders of the Company in due course.

This announcement is dated 3 July 2009.