General Announcement
Reference No O&-070824-53600

Submitting Merchant Bank	:	KENANGA INVESTMENT BANK BERHAD
Company Name	:	REXIT BERHAD (MESDAQ Market)
Stock Name	:	REXIT
Date Announced	:	24/08/2007


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 ("BURSA SECURITIES") FOR THE MESDAQ MARKET ("MMLR")

Contents :

We refer to our announcement made on 13 July 2007 in relation to the above subject matter.

The Board of Directors of Rexit wishes to announce that Bursa Securities had vide its letter dated 23 August 2007 granted Rexit an extension of time of six (6) months until 1 January 2008 to comply with the public shareholding spread requirement pursuant to paragraph 8.15(1) of the MMLR.

The public shareholding spread of Rexit as at 2 July 2007 was 53.85% held in the hands of 582 public shareholders holding not less than 100 shares each. Thus, the Company had complied with the minimum public spread of 25% but did not meet the minimum public shareholders of 1,000.

Accordingly, Rexit will endeavor to undertake measures to improve the liquidity of Rexit's shares and the number of public shareholders.

In compliance with the MMLR, the Company will make status announcements in relation to its efforts to comply with the public shareholding spread requirement for each quarter of its financial year.

This announcement is dated 24 August 2007.