General Announcement
Reference No O&-071219-44063

Submitting Merchant Bank	:	KENANGA INVESTMENT BANK BERHAD
Company Name	:	REXIT BERHAD (MESDAQ Market)
Stock Name	:	REXIT
Date Announced	:	19/12/2007


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") (“REQUIRED PUBLIC SHAREHOLDING SPREAD”)

Contents :

We refer to the announcements made in relation to the above subject matter.

Based on the Company’s Record of Depositors as at 14 December 2007, the Company has 53.86% of its total issued and paid-up share in the hands of 909 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 Public Shareholding Spread given that the number of public shareholders it has is below the required 1,000 public shareholders.

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 six (6) months from 1 January 2008, to meet the Required Public Shareholding Spread.

The Directors of Rexit are making every effort to improve the liquidity of Rexit’s Shares and the number of public shareholders to comply with the Required Public Shareholding Spread.

Rexit will make the necessary announcements in relation to the status of its efforts to comply with the Required Public Shareholding Spread for each quarter of its financial year in compliance with the MMLR.

This announcement is dated 19 December 2007.