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The Board of Directors of Tan Chong Motor Holdings Berhad ("the Company") is pleased to announce that the Company has on 19 September 2007 subscribed for 70 ordinary shares of RM1.00 each at par for cash representing 70% of the issued and paid up share capital of Kereta Komersil Seladang (M) Sdn Bhd (“KKS”).

KKS is a private limited company incorporated under the Companies Act, 1965 on 19 September 2007 with the intended principal activity of manufacturing of light commercial vehicles. The authorized and paid-up share capital of KKS are RM100,000/- and RM100/- respectively. The balance 30% of the paid-up capital of KKS was subscribed by Tina Motor Sdn Bhd.

The above subscription of shares by the Company has no material effect on the earnings, net assets and gearing of the Group for the financial year ending 31 December 2007.

None of the directors or major shareholders of the Company or persons connected with them, has an interest, direct or indirect, in the said subscription of shares in KKS by the Company.

This announcement is dated 20 September 2007.