Listed Companies' Announcement

FEDERAL INTERNATIONAL (2000) LTD

REDUCTION IN CORPORATE TAX RATE


In the Budget 2004 announcement on 27 February 2004, the corporate tax rate was reduced from 22% to 20% with effect from Year of Assessment 2005.

Accordingly, the Company's proposed final dividend of $0.60 cents per ordinary share, if approved at the forthcoming Annual General Meeting, will be subject to a corporate tax rate of 20% (instead of 22%) Singapore tax.
Submitted by Chng Geok, Company Secretary on 14/04/2004 to the SGX