General Announcement Reference No O&-060921-65466

Submitting Merchant Bank	:	K & N KENANGA BHD
Company Name	:	ASIAEP BHD (MESDAQ Market)
Stock Name	:	ASIAEP
Date Announced	:	21/09/2006

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 :

With reference to the announcements dated 22 September 2005, 7 October 2005, 23 March 2006, 4 April 2006, 2 May 2006, 5 May 2006 and 23 May 2006, K & N Kenanga Berhad, on behalf of the Board of Directors of asiaEP, is pleased to announce that the Proposed Acquisition was duly completed on 21 September 2006. Consequent thereto, Conversant Solutions Pte Ltd has become a wholly-owned subsidiary of asiaEP.

This announcement is dated 21 September 2006.