Listed Companies' Announcement

FEDERAL INTERNATIONAL (2000) LTD

SUBSTANTIAL INCREASE IN TRADING VOLUME ON THE EXCHANGE


16 September 2002

The Listings Manager
Singapore Exchange Securities Trading Limited
2 Shenton Way #19-00
SGX Centre 1
Singapore 068804

Attention: Mr Andrew Li
Vice President
Head, Market Surveillance and Enforcement

Dear Sirs

FEDERAL INTERNATIONAL (2000) LTD - "the Company"
SUBSTANTIAL INCREASE IN TRADING VOLUME ON THE EXCHANGE

We refer to your fax of today.

As an overall strategy, the Company is constantly exploring business opportunities and would make further announcements, if and when, an agreement is reached.

The Company will be releasing its half-year results on 20 September 2002.

Save as disclosed, the Directors are not aware of any material information or circumstances which could have led to the sharp increase in the trading volume of the Company's shares on the Exchange today.

Yours faithfully


Chew Keng Keong
Director


Submitted by Chew Keng Keong, Director on 16/09/2002 to the SGX