General Announcement
Reference No O&-070709-57527
Submitting Merchant Bank : KENANGA INVESTMENT BANK BERHAD
Company Name : REXIT BERHAD (MESDAQ Market)
Stock Name : REXIT
Date Announced : 09/07/2007


Type : Announcement
Subject : PROVISION OF REXIT'S INSURANCE SOFTWARE AND SERVICES TO MARUBENI SAFENET CO., LTD. (JAPAN)

Contents :

On behalf of the Company, Kenanga Investment Bank Berhad (formerly known as K & N Kenanga Bhd) ("Kenanga") is pleased to announce that Rexit International Sdn Bhd ("Rexit International") had received a letter of intent ("LOI") for the implementation of Rexit's insurance software and services from Marubeni Safenet Co., Ltd. (Japan) ("Marubeni Safenet").

An announcement setting out the details of Rexit International's appointment will be made upon the execution of an agreement between Rexit International and Marubeni Safenet.

The insurance software and services will ultimately encompass all aspects of Marubeni Safenet's insurance operations in Japan.

Marubeni Safenet, a wholly owned subsidiary of Marubeni Corporation, is an insurance agency that deals with insurance products from twenty-five non-life insurance companies and fifteen life insurance companies. Marubeni Safenet is located at Yasuda Green Park, 2-9, Kanda-nishikicho, Chiyoda-ku, Tokyo 101-0054, Japan with capital of 300 million yen (equivalent to RM8.4 million based on an exchange rate of Yen 1.00 to RM0.028).

This announcement is dated 9 July 2007.



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