____ CAGAMAS BERHAD ____

.: Financial Highlights
     - Revenue
     - Balance Sheet
     - Earnings per Share
     - Financial Ratios
     - Purchase of Loans and Debts
     - Issuance of Cagamas Debts Securities by Year

.: Excerpts from Latest Annual Report
     - Income Statement (Including Islamic Operations)
     - Balance Sheet (Including IslamiC Operations)
     - Income Statement (Islamic Operations)
     - Balance Sheet (Islamic Operations)

Special Attributes of Cagamas Debt Securities

Cagamas was established in 1986 as a result of the initiatives taken by BNM to support the national home ownership policy and to spearhead the development of private debt securities market in Malaysia. The initial regulatory treatment accorded to Cagamas debt securities acted as a catalyst to kick start the development of private debt securities market. With the support received from BNM, including the regulatory treatment for Cagamas debt securities, Cagamas has successfully established itself as a primary player in the capital market and grown from strength to strength over the past 17 years. In addition, the domestic private debt securities market has displayed exemplary growth and has been underscored by a series of notable highlights, namely, regulatory consolidation, the unveiling of the Capital Market Masterplan and the advent of asset securitisation.

Hence, to further enhance the efficient functioning of the bond market, BNM had on 3 September 2004 revised the regulatory treatment for Cagamas unsecured debt securities. The revised regulatory treatment includes the reclassification of futures issues of Cagamas unsecured debt securities from Class-1 to Class-2 liquefiable assets and the abolishment of compulsory bidding for the securities by the Principal Dealers. The revised regulatory treatment for Cagamas debt securities is only applicable to Cagamas debt securities issued with effect from 4 September 2004. Previous regulatory treatment accorded to the Cagamas debt securities issued prior to 4 September 2004 will remain effective until these securities are redeemed.

The revision of the regulatory treatment for Cagamas unsecured debt securities reflects BNM’s recognition of Cagamas’ maturity and confidence in its ability to continue to play a pivotal role in the development of the capital market on a more competitive basis, in line with the ongoing liberalisation of the financial and capital market. Following this revision, the road ahead will undoubtedly be more exciting and challenging for Cagamas.

To view the comparison between the existing and revised regulatory treatment for Cagamas debt securities. please click here.