General Announcement Reference No O&-070713-61241

Submitting Merchant Bank	:	KENANGA INVESTMENT BANK BERHAD
Company Name	:	REXIT BERHAD (MESDAQ Market)
Stock Name	:	REXIT
Date Announced	:	13/07/2007

Type	:	Announcement
Subject	:	REXIT BERHAD ("REXIT" OR "COMPANY") PROVISION OF INFORMATION TECHNOLOGY ("IT") SERVICES TO LOCAL LIFE INSURANCE INDUSTRY

Contents :

On behalf of the Company, Kenanga Investment Bank Berhad (formerly known as K&N Kenanga Berhad) ("Kenanga") is pleased to announce that the Life Insurance Association of Malaysia ("LIAM") has selected Rexit as the vendor to develop and implement the IT system for on-line transactions.

The Company will announce the details of the appointment upon the execution of the necessary agreements.

The IT system aims to enable on-line transactions of policies for the 16 life insurance member companies of LIAM. Leveraging on its e-Cover infrastructure, Rexit Software Sdn Bhd, a wholly owned subsidiary of Rexit, will develop and implement an IT system on a 'pay per use' model to the participating insurance companies, whereby fees will be collected on a per transaction basis.

This web-based system will enable the participating life insurance companies to transact policies, capture new transaction details and claims on a real time, 24x7 (24 hours / 7 days per week) basis.

Rexit's appointment by LIAM will represent the Company's first delivery of IT solutions and services to the local life insurance market, and will provide the platform for Rexit to explore further business opportunities within this market segment.


This announcement is dated 13 July 2007.

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