____ 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)

Islamic House Financing Debts

In addition to the purchase of conventional housing loans, Cagamas also offers to purchase Islamic house financing debts from Islamic banking institutions (IBI) in accordance with the principle of Bai Al-Dayn (debts trading). IBI who wish to sell their Islamic house financing debts must execute a Master Sale and Purchase Agreement and a Master Servicing Agreement with Cagamas.

The IBI can sell the Islamic house financing debts to Cagamas for review periods of 3 to 10 years based on a fixed rate basis. Cagamas purchases the debts at an agreed price based on their book value. With the sale of the Islamic house financing debts to Cagamas, the IBI are required to pay monthly instalments, known as Cagamas Instalments, to Cagamas. The instalments payable to Cagamas are computed on the basis of the instalments payable by the respective customers net of the agreed service fee payable by Cagamas to the IBI for servicing the debts and providing the recourse function.

At quarterly intervals, the IBI are required to repurchase debts found to be defective and offer to sell to Cagamas an equivalent amount of Islamic house financing debts to replace the debts repurchased. At the end of the contracted review period, i.e. on the Review Date, the IBI are given the option to repurchase the pool of debts sold to Cagamas or continue the contract for a further review period based on the new service fee agreed upon between Cagamas and the IBI.

Cagamas purchases all Islamic house financing debts at their book value i.e. the principal balance outstanding on a date which is closest to the purchase date but not earlier than the end of the month preceding the purchase date.

Eligibility Criteria of Islamic House Financing Debts

To be eligible for sale to Cagamas, the Islamic house financing debts must :

be for financing or refinancing the purchase, construction or renovation of residential properties;

be fully disbursed;

not be more than 3 months in arrears at the time of sale;

have a remaining life which expires on or after the Review Date;

have a profit rate greater than Cagamas' required rate of return;

be secured by a first charge or assignment of rights over the secured property; and

comply with other criteria as specified in the Revised Cagamas Islamic House Financing Debts Guide.