Reliance Pacific Berhad ("RPB" Or The "Company") - Proposed Rights Issue Of Up To 62,409,028 New Ordinary Shares Of Rm1.00 Each Together With Up To 31,204,514 Free Detachable Warrants B At An Issue Price Of Rm1.00 Per Share On The Basis Of Two (2) New Ordinary Shares With One (1) Free Detachable Warrants B For Every Four (4) Existing Ordinary Shares Held In RPB On An Entitlement Date To Be Determined ("Proposed Rights Issue Of Shares With Warrants") - Proposed Bonus Issue Of Up To 31,204,514 New Ordinary Shares Of Rm1.00 Each On The Basis Of One (1) New Ordinary Share For Every Four (4) Existing Ordinary Shares Held In RPB On An Entitlement Date To Be Determined ("Proposed Bonus Issue")

General Announcement Reference No MM-020412-38863

Submitting Merchant Bank	:	ARAB-MALAYSIAN MERCHANT BANK BERHAD
Company Name	:	RELIANCE PACIFIC BERHAD
Stock Name	:	RPB
Date Announced	:	12/04/2002

Type	:	Announcement
Subject	:	RELIANCE PACIFIC BERHAD ("RPB" OR THE "COMPANY") - PROPOSED RIGHTS ISSUE OF UP TO 62,409,028 NEW ORDINARY SHARES OF RM1.00 EACH TOGETHER WITH UP TO 31,204,514 FREE DETACHABLE WARRANTS B AT AN ISSUE PRICE OF RM1.00 PER SHARE ON THE BASIS OF TWO (2) NEW ORDINARY SHARES WITH ONE (1) FREE DETACHABLE WARRANTS B FOR EVERY FOUR (4) EXISTING ORDINARY SHARES HELD IN RPB ON AN ENTITLEMENT DATE TO BE DETERMINED ("PROPOSED RIGHTS ISSUE OF SHARES WITH WARRANTS") - PROPOSED BONUS ISSUE OF UP TO 31,204,514 NEW ORDINARY SHARES OF RM1.00 EACH ON THE BASIS OF ONE (1) NEW ORDINARY SHARE FOR EVERY FOUR (4) EXISTING ORDINARY SHARES HELD IN RPB ON AN ENTITLEMENT DATE TO BE DETERMINED ("PROPOSED BONUS ISSUE")

Contents :

On behalf of the Company, Arab-Malaysian Merchant Bank Berhad is pleased to announce to the Kuala Lumpur Stock Exchange that the Securities Commission, vide its letter dated 9 April 2002, has approved the extension of time up to 24 November 2002 for the full implementation of the Proposed Rights Issue of Shares with Warrants and the Proposed Bonus Issue.


This announcement is dated 12 April 2002