Freight Management Holdings Bhd ("Freight" Or "The Company") Compliance With Public Shareholding Spread Requirement Pursuant To Paragraph 8.15(1) of The Listing Requirements ("LR") Of Bursa Malaysia Securities Berhad ("Bursa Securities")

General Announcement

Reference No CM-070517-59465

Company Name	:	FREIGHT MANAGEMENT HOLDINGS BERHAD
Stock Name	:	FREIGHT
Date Announced	:	17/05/2007

Type	:	Announcement
Subject	:	Freight Management Holdings Bhd ("Freight" or "the Company") Compliance with public shareholding spread requirement pursuant to paragraph 8.15(1) of the Listing Requirements ("LR") of Bursa Malaysia Securities Berhad ("Bursa Securities")

Contents :

We refer to the announcement made to Bursa Securities on 10 May 2007 that Bursa Securities has resolved not to grant a further extension of time to the Company to comply with the public shareholding spread requirement and that the Board of Freight is working towards achieving compliance with paragraph 8.15(1) of the LR of Bursa Securities on or before 18 May 2007.

Pursuant to the Malaysian Central Depository's record as at 16 May 2007, the Company's public shareholding spread is 26.10% in the hands of 1,135 public shareholders holding not less than 100 shares each.

The Board of Freight is pleased to inform Bursa Securities that the Company has complied with the public shareholding spread requirement pursuant to paragraph 8.15(1) of the LR of Bursa Securities.