Insas Berhad (“Insas”) was incorporated in Malaysia as a private limited company under the name of Paper Products (Malaya) Ltd on 27 January 1961. On 24 June 1968, it was converted into a public company and changed its name to Paper Products (Malaya) Berhad. It proceeded to obtain listings on the Main Board of the stock exchanges of Malaysia and Singapore on 23 June 1969. On 22 October 1987, the Company adopted its present name, Insas Berhad. On 31 December 1989 and in compliance with the directive issued by the Ministry of Finance, Malaysia to all public listed companies in 1989, Insas de-listed itself from the Stock Exchange of Singapore.

Insas began operations in 1963, primarily engaged in the manufacturing of a wide range of paper related products, which was subsequently divested in 1983. Subsequent to a financial restructuring scheme completed in 1993, Insas under the new management has embarked on acquisition and rationalization exercises to position Insas to become one of the conglomerates in Malaysia.

Today, our core businesses comprise stockbroking, property investment and development, project and credit financing, hospital investment, technology, high fashion retails, food and beverage and car rental.

Insas Group has shareholders’ funds as at 30 June 2006 of approximately RM681 million.

A copy of Annual Report of Insas Berhad for year ended 30 June 2006 is attached.