General Announcement
Reference No O&-060614-59108

Submitting Merchant Bank	:	K & N KENANGA BHD
Company Name	:	REXIT BERHAD (MESDAQ Market)
Stock Name	:	REXIT
Date Announced	:	15/06/2006


Type	:	Announcement
Subject	:	REXIT BERHAD ("REXIT" OR "COMPANY") (A) PROPOSED BONUS ISSUE OF 47,333,333 NEW ORDINARY SHARES OF RM0.10 EACH IN REXIT ("SHARES") TO BE ISSUED AND CREDITED AS FULLY PAID-UP TO THE SHAREHOLDERS OF REXIT ON THE BASIS OF ONE (1) NEW SHARE FOR EVERY THREE (3) EXISTING SHARES HELD ("PROPOSED BONUS ISSUE"); AND (B) PROPOSED SHAREHOLDERS' RATIFICATION AND MANDATE FOR RECURRENT RELATED PARTY TRANSACTIONS OF A REVENUE OR TRADING NATURE ("PROPOSED SHAREHOLDERS' RATIFICATION AND MANDATE")

Contents :

On behalf of the Board of Directors of Rexit, K&N Kenanga Bhd is pleased to announce that the shareholders of Rexit have unanimously approved the Proposed Bonus Issue and the Proposed Shareholders' Ratification and Mandate at an Extraordinary General Meeting of the Company held today.

This announcement is dated 15 June 2006.