Freight Management Holdings Bhd ("FMH") (i) Proposed bonus issue of 36,514,286 new ordinary shares of RM0.50 each in FMH ("Bonus Shares") On the Basis of 3 bonus shares for Every 7 Existing Ordinary shares of RM0.50 Each In FMH ("Shares" Or "FMH Shares") Held By the Shareholders of FMH ("Proposed bonus Issue"); (ii) Proposed Transfer of the listing of and Quotation For the Entire enlarged issued and paid-up share capital of FMH From the Second board to the Main Board of Bursa Malaysia Securities Berhad Upon Completion of the Proposed bonus Issue ("Proposed Transfer Listing"); and (iii) Proposed Placement of up to 12,171,428 New FMH Shares ("Placement Shares"), Representing Up To 10% of the Enlarged Issued and Paid-up Share Capital Of FMH ("Proposed Placement"). (The Proposed Bonus Issue, Proposed Transfer Listing And Proposed Placement Shall Be Collectively Known As The "Proposals").

General Announcement

Reference No MI-071120-53612

Submitting Merchant Bank	:	RHB INVESTMENT BANK BERHAD
Company Name	:	FREIGHT MANAGEMENT HOLDINGS BERHAD
Stock Name	:	FREIGHT
Date Announced	:	20/11/2007

Type	:	Announcement
Subject	:	FREIGHT MANAGEMENT HOLDINGS BHD ("FMH") (i) Proposed bonus issue of 36,514,286 new ordinary shares of RM0.50 each in FMH ("Bonus Shares") on the basis of 3 Bonus Shares for every 7 existing ordinary shares of RM0.50 each in FMH ("Shares" or "FMH Shares") held by the shareholders of FMH ("Proposed Bonus Issue"); (ii) Proposed transfer of the listing of and quotation for the entire enlarged issued and paid-up share capital of FMH from the Second Board to the Main Board of Bursa Malaysia Securities Berhad upon completion of the Proposed Bonus Issue ("Proposed Transfer Listing"); and (iii) Proposed placement of up to 12,171,428 new FMH Shares ("Placement Shares"), representing up to 10% of the enlarged issued and paid-up share capital of FMH ("Proposed Placement"). (The Proposed Bonus Issue, Proposed Transfer Listing and Proposed Placement shall be collectively known as the "Proposals").

Contents :

Further to the announcements dated 11 September 2007, 17 October 2007 and 5 November 2007 in respect of the Proposals, on behalf of the Board of Directors of FMH, RHB Investment Bank Berhad wishes to announce that Bursa Malaysia Securities Berhad ("Bursa Securities") has vide its letter dated 19 November 2007 (which was received on 20 November 2007) approved the transfer of the listing and quotation of FMH's enlarged issued and paid-up share capital from the Second Board to the Main Board of Bursa Securities subsequent to the completion of the Proposed Bonus Issue of RM60,857,143 comprising 121,714,286 Shares.

With the receipt of the abovementioned approval, the Proposed Placement is still subject to the approval of Bursa Securities for the listing of and quotation for the Placement Shares.

This announcement is dated 20 November 2007.