General Announcement
Reference No O&-060404-62546

Submitting Merchant Bank	:	K & N KENANGA BHD
Company Name	:	ASIAEP BHD (MESDAQ Market)
Stock Name	:	ASIAEP
Date Announced	:	04/04/2006


Type	:	Announcement
Subject	:	AsiaEP Berhad ("AsiaEP" or the "Company") PROPOSED ACQUISITION OF THE ENTIRE ISSUED AND PAID-UP SHARE CAPITAL OF CONVERSANT SOLUTIONS PTE LTD ("the Proposed Acquisition")

Contents :

We refer to the announcements dated 22 September 2005, 7 October 2005 and 23 March 2006 made by K&N Kenanga Berhad ("Kenanga") on behalf of the Company in relation to the Proposed Acquisition (the "Announcements"). It was stated in the Announcements that the Company had on 7 October 2005 entered into a conditional sale of shares agreement in relation to the Proposed Acquisition ("Agreement"). The completion of the Agreement is conditional upon the fulfilment of conditions precedent stated therein within a period of six (6) months from the date of the Agreement (or such other later date as may mutually agreed upon in writing between the parties) ("Conditional Period").

On behalf of the Company, Kenanga wishes to announce that the parties to the Agreement had on 4 April 2006, mutually agreed in writing to further extend the Conditional Period by another six (6) months from 7 April 2006 until 6 October 2006 (or such other later date as may mutually agreed upon in writing between the parties).

This announcement is dated 4 April 2006.