Reliance Pacific Berhad ("Rpb" Or The "Company"). Renounceable Two-Call Rights Issue Of 49,060,100 New Ordinary Shares Of Rm1.00 Each At An Issue Price Of Rm1.00 Each (Of Which The First Call Of Rm0.65 Is Payable In Cash On Application And The Second Call Of Rm0.35 Is Payable Out Of The Company's Share Premium Account) ("Rights Shares") On The Basis Of One (1) New Ordinary Share For Every Two (2) Existing Ordinary Shares Of Rm1.00 Each Held At 5.00 P.M. On 23 August 2004 ("Two-Call Rights Issue")

General Announcement Reference No MM-040930-39910

Submitting Merchant Bank	:	AMMERCHANT BANK BERHAD
Company Name	:	RELIANCE PACIFIC BERHAD
Stock Name	:	RPB
Date Announced	:	01/10/2004

Type	:	Announcement
Subject	:	RELIANCE PACIFIC BERHAD ("RPB" OR THE "COMPANY"). RENOUNCEABLE TWO-CALL RIGHTS ISSUE OF 49,060,100 NEW ORDINARY SHARES OF RM1.00 EACH AT AN ISSUE PRICE OF RM1.00 EACH (OF WHICH THE FIRST CALL OF RM0.65 IS PAYABLE IN CASH ON APPLICATION AND THE SECOND CALL OF RM0.35 IS PAYABLE OUT OF THE COMPANY'S SHARE PREMIUM ACCOUNT) ("RIGHTS SHARES") ON THE BASIS OF ONE (1) NEW ORDINARY SHARE FOR EVERY TWO (2) EXISTING ORDINARY SHARES OF RM1.00 EACH HELD AT 5.00 P.M. ON 23 AUGUST 2004 ("TWO-CALL RIGHTS ISSUE")

Contents :

On behalf of RPB, AmMerchant Bank Berhad wishes to announce that based on the subscription received at the closing of the Two-Call Rights Issue at 5.00 pm on 24 September 2004, the Two-Call Rights Issue has been oversubscribed; details of which are set out below:-

	Number Of Rights Shares	%
Rights Shares accepted	43,784,712	89.25
Excess shares applied	5,863,801	11.95
Total shares accepted and applied for	49,648,513	101.20
Total Rights Shares	49,060,100	100.00
Oversubscription	588,413	1.20

The allotment of the Rights Shares to successful applicants and the refund of application monies to unsuccessful excess applicants will be carried out within 15 market days after the closing date of the Two-Call Rights Issue.

This announcement is dated 1 October 2004.