Freight Management Holdings Bhd ("Freight" Or "The Company") - Quarterly Status Announcement In Relation to the Public Shareholding Spread Pursuant To Paragraph 8.15(1) of The Listing Requirements Of Bursa Malaysia Securities Berhad

General Announcement

Reference No CM-070206-69069

Company Name	:	FREIGHT MANAGEMENT HOLDINGS BERHAD
Stock Name	:	FREIGHT
Date Announced	:	27/02/2007

Type	:	Announcement
Subject	:	Freight Management Holdings Bhd ("Freight" or "the Company") - Quarterly status announcement in relation to the public shareholding spread pursuant to paragraph 8.15(1) of the Listing Requirements of Bursa Malaysia Securities Berhad

Contents :

The Company had on 25 January 2007, announced that Bursa Malaysia Securities Berhad("Bursa Securities") had granted an extension of time of three (3) months until 5 April 2007 to the Company to comply with the public shareholding spread requirement pursuant to paragraph 8.15(1) of Bursa Securities Listing Requirements.

The Company is not in compliance with the public shareholding spread requirement as the number of public shareholders holding not less than 100 shares was below the minimum required number of 1,000 public shareholders as required by paragraph 8.15(1) of Bursa Securities Listing Requirements.

The details of the public shareholding spread of the Company as at 16 February 2007are as follows:-

No. of public shareholders holding not less than 100 shares : 884
Shortfall of no. of public shareholders : 116

Percentage of public shareholdings spread : 26.22%
Shortfall of percentage of public shareholdings spread : Not Applicable


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. There has been some progress with some of the employees buying the company's shares.
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. This matter is still in a planning stage.

The Company is diligently monitoring the public shareholding spread requirement and will continue with its efforts as outlined above to address the shortfall in the number of public shareholders.