Bonus Issue

EX-date

23/05/2007

Entitlement date

25/05/2007

Entitlement time

05:00:00 PM

Entitlement subject

Bonus Issue

Entitlement description

Bonus issue of up to 138,600,000 new ordinary shares of RM0.10 each in the Company ("Nextnation Shares"), to be credited as fully paid-up, on the basis of one (1) new Nextnation Share for every two (2) existing Nextnation Shares held.

Period of interest payment

Financial Year End

Share transfer book & register of members will be

25/05/2007 to closed from (both dates inclusive) for the purpose of determining the entitlements

Registrar's name ,address, telephone no

PFA Registration Services Sdn. Bhd.
Level 13, Uptown 1
No. 1 Jalan SS 21/58
Damansara Uptown
47400 Petaling Jaya
Selangor Darul Ehsan
Tel: 03-77254888

Payment date

a.	Securities transferred into the Depositor's Securities Account before 4:00 pm in respect of transfers

25/05/2007

b.	Securities deposited into the Depositor's Securities Account before 12:30 pm in respect of securities exempted from mandatory deposit

c.	Securities bought on the Exchange on a cum entitlement basis according to the Rules of the Exchange.

Number of new shares/securities issued (units) (If applicable)

138600000

Entitlement indicator

Ratio

1 : 2

Rights Issues/Offer Price

Remarks :

One (1) new Nextnation Share for every two (2) existing Nextnation Shares held.

In accordance with the Listing Requirements of Bursa Malaysia Securities Berhad for the MESDAQ Market, the date of listing of and quotation for the Bonus Shares will be on 28 May 2007, being the market date after the books closing date.

Nextnation Communication Berhad's registrar will issue and despatch notices of allotment to the entitled shareholders by 29 May 2007.