Credit Facility of up to RM26,000,000 from OCBC Bank (Malaysia) Berhad

1.0 Introduction

The Board of Directors is pleased to announce that it has secured a credit facility of RM26,000,000 from OCBC Bank (Malaysia) Sdn Bhd. ("the said Facility") and the said Facility was fully drawndown on 4 February 2009.


2.0 Rationale

The purpose of the above transaction is to refinance existing banking facilities and to part finance the purchase of the issued share capital of the following companies namely:-

1. Reliance Travel Pty Ltd
2. Australian Vacations Pty Ltd
3. Vacation Asia (HK) Ltd
4. Reliance Travel (Hong Kong) Ltd
5. Vacation Asia (Thailand) Ltd
6. Reliance Holidays (Thailand) Ltd
7. Hotemart Travel Services Sdn Bhd
8. Hotemart On-Line Sdn Bhd
9. Hotemart International (Labuan) Ltd

3.0 Financial Effects

The Facility will not have any material effect on the net tangible assets, the earnings and the share capital of RPB Group for the financial year ending 31 March 2009.


4.0 Directors' and Substantial Shareholders' interest

None of the Directors and/or Shareholders of RPB and persons connected with them, have any interest, direct or indirect interest in the said Facility.


5.0 The above transaction is not subject to shareholders' or other regulatory bodies' approval.