We refer to the above-captioned, and the earlier announcement made on 26 March 2007, 28 March 2007 and 16 April 2007 in relation the Proposed Private Placement.

On behalf of the Board of Directors (“Board”) of Three-A Resources Berhad (“TARB” or “Company”), OSK Investment Bank Berhad (formerly known as OSK Securities Berhad) (“OSK”) wishes to announce that the Securities Commission (“SC”) has approved the Proposed Private Placement vide its letter dated 16 April 2007 (which was received on 17 April 2007), subject to the following terms and conditions:-

Terms

(i) Private Placement of up to 17,500,000 new ordinary shares of RM0.20 each, representing up to 10% of the issued and paid-up share capital of TARB; and

(ii) Listing and quotation for the new TARB’s ordinary shares of RM0.20 each to be issued pursuant to the Proposed Private Placement on the MESDAQ Market of Bursa Malaysia Securities Berhad.

Conditions

(i) TARB to allocate at least 30% of the placement shares to Bumiputera investors;

(ii) TARB/ OSK to fully comply with the relevant provisions in Guidance Note 8C and other relevant requirements under the SC’s Policies and Guidelines on Issue/Offer of Securities, pertaining in implementing the Proposed Private Placement; and

(iii) TARB/ OSK to inform SC upon completion of the proposal.

The Board of TARB has accepted and will adhere to the aforesaid conditions.

In addition thereto, the SC, on behalf of Foreign Investment Committee, vide the same letter dated 16 April 2007, has also approved the Proposed Private Placement pursuant to the Guideline on the Acquisition of Interests, Mergers and Take-overs by Local and Foreign Interests.

As at the date of this announcement, the approval from the Ministry of International Trade and Industry on the Proposed Private Placement is still pending.