Important Relevant Dates for Trading of Renounceable Rights Reference No O&-060508-59990

Submitting Merchant Bank	:	K & N KENANGA BHD
Company Name	:	ASIAEP BHD (MESDAQ Market)
Stock Name	:	ASIAEP
Date Announced	:	09/05/2006

Title / Description :
RENOUNCEABLE RIGHTS ISSUE OF UP TO 82,777,778 NEW WARRANTS IN ASIAEP ("WARRANTS") AT AN ISSUE PRICE OF RM0.01 PER WARRANT, PAYABLE IN FULL UPON ACCEPTANCE, ON THE BASIS OF ONE (1) NEW WARRANT FOR EVERY THREE (3) EXISTING ORDINARY SHARES OF RM0.10 EACH HELD IN ASIAEP AT 5.00 P.M. ON 9 MAY 2006

Despatch Date	: 16/05/2006
Last date and time for:	Date		Time
Sale of provisional allotment of rights	: 30/05/2006	at	05:00:00 PM
Transfer of provisional allotment of rights	: 02/06/2006	at	04:00:00 PM
Acceptance and payment	: 12/06/2006	at	05:00:00 PM
Excess share application and payment	: 12/06/2006	at	05:00:00 PM
Commencement Date	: 18/05/2006
Cessation Date	: 31/05/2006
Remarks :