General Announcement

General Announcement
Financial Results
Reference No O&-080930-42480

Submitting Merchant Bank	:	KENANGA INVESTMENT BANK BERHAD
Company Name	:	REXIT BERHAD (MESDAQ Market)
Stock Name	:	REXIT
Date Announced		30/09/2008

Type

Announcement

Subject

Rexit Berhad ("Rexit" or "Company")
Recurrent related party transactions of a revenue or trading nature ("RRPT"):-
- Renewal of existing shareholders’ mandate
- Non-renewal of existing shareholders’ mandate
- Proposed new shareholders’ mandate

Contents :

The Board of Directors of Rexit Berhad ("Rexit" or "the Company") wishes to announce that the Company will be seeking shareholders’ approval to renew the existing shareholders’ mandate for the RRPT which was obtained at the Annual General Meeting (“AGM”) of the Company held on 14 December 2007 between Rexit Solutions Sdn Bhd and Rexit International Sdn Bhd which involve the interest of our major shareholder, Marubeni Corporation of Japan.

Rexit will not be seeking a renewal for the existing shareholders’ mandate obtained at the AGM held on 14 December 2007 between Rexit Software Sdn Bhd and Rexit International Sdn Bhd.

In addition to the above, the Board of Directors of Rexit wishes to announce that the Company will be seeking shareholders’ approval at the forthcoming AGM for a new shareholders’ mandate in respect of RRPTs to be entered into by Rexit Software (Guangzhou) Co. Ltd. and Rexit International Sdn Bhd which involve the interest of our major shareholder, Marubeni Corporation of Japan.

A circular to shareholders setting out the information for the renewal of existing shareholders’ mandate and proposed new shareholders’ mandate will be dispatched to the shareholders of Rexit in due course.

This announcement is dated 30 September 2008.