Contents :

1. Introduction

Further to the announcement made on 5 June 2006 in relation to the Proposed Acquisition, the Board of Directors of Nextnation wishes to announce that there is a change of corporate structure to the Proposed Acquisition, whereby Nextnation will directly acquire the entire issued and paid-up share capital of Euro Tai Solution Sdn. Bhd., a Multimedia Super Corridor-Status (“MSC-status”) company, comprising 50,000 ordinary shares of RM1.00 each fully paid-up for a total cash consideration of RM50,000.00 instead of via its wholly-owned subsidiary, Ozura Sdn. Bhd.

2. Approvals Required

The Proposed Acquisition is conditional upon approvals being obtained from the following:

i) Foreign Investment Committee; and

ii) Any other relevant authorities, if required.

The Proposed Acquisition is not subject to the approval of the shareholders of Nextnation.

3. Directors’ and Substantial Shareholders’ Interest

None of the Directors of Nextnation or persons connected to them has any interest, direct or indirect, in the Proposed Acquisition. The Directors of Nextnation are not aware of any substantial shareholders of Nextnation or persons connected to them who has any interest, direct or indirect, in the Proposed Acquisition.

4. Estimated Time Frame for Completion of the Proposed Acquisition

Barring any unforeseen circumstances, the Proposed Acquisition is expected to be completed within three (3) months from the date of this announcement instead of three (3) months from the announcement dated 5 June 2006.

This announcement is dated 4 September 2006.