General Announcement

General Announcement
Reference No O&-070713-60941

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") PUBLIC SHAREHOLDING SPREAD PURSUANT TO RULE 8.15(1) OF THE REVAMPED LISTING REQUIREMENTS OF BURSA MALAYSIA SECURITIES BERHAD FOR THE MESDAQ MARKET ("MMLR")

Contents :

Pursuant to Rule 8.15(1) of the MMLR on the continuing obligation to maintain public shareholding spread, listed companies must ensure that their public shareholding spread complies with the minimum spread requirements of 25% and a minimum of 1,000 public shareholders holding not less than 100 shares each ("Required Shareholding Spread") by 2 July 2007.

Based on the Company's Record of Depositors as at 2 July 2007, the Company has 53.85% of its total issued and paid-up share in the hands of 582 public shareholders holding not less than 100 ordinary shares of RM0.10 each in the Company. In this respect, the Company has yet to meet the Required Shareholding Spread.

Pursuant to the above, on behalf of Rexit, Kenanga Investment Bank Berhad (formerly known as K & N Kenanga Bhd) ("Kenanga") has made an application to seek the approval of Bursa Securities for an extension of time until 1 July 2008, being one (1) year from 2 July 2007, to meet the Required Shareholding Spread.

This announcement is dated 13 July 2007.