INTEGRAX'S INDONESIAN UNIT TO RAISE FUNDS VIA CAPITAL MART

KUALA LUMPUR, Dec 28 (Bernama) -- Integrax Bhd's subsidiary PT Indoexchange
Tbk (INDX) plans to raise funds through the Indonesian capital market in the
immediate future.

For this purpose, it submitted a proposed quasi-reorganisation scheme to the
relevant Indonesian authorities last week.

The rationale for the scheme is also to place INDX on a proper financial
footing by strengthening the balance sheet to enable the company to pay out
dividends, Integrax said in a statement to Malaysia Exchange Monday.

The scheme entailed the creation of share premium amounting to
Rp53,972,600,000 (Rp1,000=RM3.60) via the reduction in the nominal value of INDX
shares to Rp50 per share from Rp250 per share and to write off its accumulated
losses of about Rp43,614,890,253 as July 31, 2009.

The scheme will not have any significant effect on the net tangible assets,
earnings per share and the share capital of Integrax, the group said.

INDX was incorporated in Indonesia and is listed on Bursa Efek Indonesia's
Development Board.

To date, Integrax holds 70.31 per cent of the issued and paid-up capital of
INDX.

INDX's current and main focus is the provision of marine services and
developments of ports and terminals in Indonesia.

-- BERNAMA