INTRODUCTION

Bina Darulaman Berhad ("BDB or the Company") is please to announce the acceptance of a Term Financing-i of RM60.0 million from Affin Islamic Bank Berhad via a Letter of Offer dated 13th July 2009. The Term Financing-i will be used to redeem all outstanding Murabahah Commercial Papers (MCP) totaling RM60.0 million.

SALIENT TERMS OF THE LETTER OF OFFER

Among the salient terms of Affin Islamic's Letter of Offer are as follows :-

(a) Facility - Term Financing :
     Limit - RM60,000,000.00
     Profit Commission - 6.15 p.a (Fixed)

(b) The purpose is to refinance existing Murabahah Commercial Papers / Murabahah Medium Term Notes (MCP/MMTN) of RM85.0 million of which the current outstanding balance is RM60.0 million.

(c) Financing tenor is 5 years including one year profit servicing grace period.

(d) Profit rate shall be determined on the date of drawdown and shall be fixed throughout the financing tenure.

FINANCIAL EFFECT

The borrowing does not have any effect on the earnings per share, net tangible assets per share or capital of the Company for the current financial year.

DIRECTORS AND SUBSTANTIAL SHAREHOLDERS INTEREST

None of the Directors of BDB or any of the shareholders of BDB have any interest, direct or indirect in the aforesaid borrowing.

STATEMENT BY DIRECTORS

The Directors are of the opinion that the borrowing is essential to BDB as it is the best interest of BDB.