Freight Management Holdings Bhd ("Freight" Or "the Company") - Application For An Extension of Time to Comply With the Public Shareholding Spread Pursuant To Paragraph 8.15(1) of The Listing Requirements ("LR") Of Bursa Malaysia Securities Berhad ("Bursa Malaysia")

General Announcement

Reference No CM-070125-55466

Company Name	:	FREIGHT MANAGEMENT HOLDINGS BERHAD
Stock Name	:	FREIGHT
Date Announced	:	25/01/2007

Type	:	Announcement
Subject	:	Freight Management Holdings Bhd ("Freight" or "the Company") - Application for an extension of time to comply with the public shareholding spread pursuant to paragraph 8.15(1) of the Listing Requirements ("LR") of Bursa Malaysia Securities Berhad ("Bursa Malaysia")

Contents :

Furtherto the Company's application to Bursa Malaysia for an extension of time in order to comply with the public shareholding spread requirement pursuant to paragraph 8.15(1) of the LR, the Board of Directors of Freight is pleased to inform that Bursa Malaysia has granted an extension of time of three (3) months until 5 April 2007 to the Company to comply with the public shareholding spread requirement via their letter dated 24 January 2007.

The public shareholding spread of the Company as at 31 December 2006 is as follows:-

Percentage of public shareholdings : 26.03%
No. of public shareholders holding not less than 100 shares : 848

The Company has formulated the following steps ("Rectification Plan") in order to comply with the public shareholding spread requirement:-

i) The Company has arranged for dialogues with fund managers and analyst briefings to promote the Company's shares and to update the investing community on the Company's quarterly performances.
ii) The Company is constantly seeking independent coverage on the Company's shares by broking houses. The Management has approached analysts, financial journalists and investors to understand its business operations and performances through company visits. The Company has noted that RHB Research Institute Bhd and OSK Research Sdn Bhd are currently providing coverage of the Company.
iii) Will continue to encourage the Company's employee to invest in the Company's shares through the open market, at Company's internal meetings.
iv) Looking into the possibility of participating in the CMDF Bursa Research Scheme so as to give investors more access to information on the Company.
v) Plans to include a dedicated section in the Company's website for investor relations purposes.
vi) Subject to meeting Bursa's requirements, the Company is looking into the possibility of migrating its listing to Bursa Malaysia's Main Board during the calendar year and it is hoped that the migration will provide greater visibility, liquidity and confidence to the Company's shares and attracting more investors.

The Board shall endeavour to ensure that the public shareholding spread requirement is met by 5 April 2007 with the implementation of the above Rectification Plan.