General Announcement
Reference No O&-061121-57900

Submitting Merchant Bank	:	K & N KENANGA BHD
Company Name	:	REXIT BERHAD (MESDAQ Market)
Stock Name	:	REXIT
Date Announced	:	21/11/2006


Type	:	Announcement
Subject	:	PROPOSED JOINT VENTURE BETWEEN REXIT BERHAD ("REXIT" OR THE "COMPANY") AND MARUBENI CORPORATION OF JAPAN ("MARUBENI") ("PROPOSED JOINT VENTURE")

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 Joint Venture at an Extraordinary General Meeting of the Company held today.

This announcement is dated 21 November 2006.