Listing Circular LISTING'S CIRCULAR NO. L/Q : 36186 OF 2006

Company Name	:	ASIAEP BHD (MESDAQ Market)
Stock Name	:	ASIAEP
Date Announced	:	20/04/2006

Subject

:

ASIAEP - NOTICE OF RIGHTS ENTITLEMENT

Contents :

The Renounceable Rights Issue of up to 82,777,778 new Warrants in asiaEP Berhad ("asiaEP") ("Warrants") at an issue price of RM0.01 per Warrant on the basis of one (1) Warrant for every three (3) existing ordinary shares of RM0.10 each held in asiaEP at 5:00 p.m. on 9 May 2006 ("Rights Issue of Warrants").

Kindly be advised of the following :

1) The above Company's securities will be traded and quoted [ "Ex - Rights Issue" ]
as from : [ 5 May 2006 ]

2) The last date of lodgement : [ 9 May 2006 ]

3) Retention Money : Where securities are not delivered in time for registration by the seller, then the brokers concerned :-

a) Selling Broker to deduct [ 1/4 ] , of the Selling Price against the Selling Client.

b) Buying Broker to deduct [ 10% ] of the Purchase Price against the Buying Client.

c) Between Broker and Broker, the deduction of [ 1/4 ] of the Transacted Price is applicable.