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The Board of Directors of Nextnation Communication Berhad (“Nextnation” or “the Company”) is pleased to announce that its wholly-owned subsidiary company, namely Nextnation Network Sdn. Bhd. (“Nextnation Network” or “the Borrower”) had on 9 July 2007 accepted a Credit Facility i.e. a Revolving Project Loan of the principal amount of up to RM10.0 million only (“the Credit Facility”) granted by Malaysia Debt Ventures Berhad for the Group’s overseas expansion.

The Credit Facility is secured by corporate guarantee from Nextnation and the Borrower’s certain assets.

None of the directors or major shareholders of Nextnation nor any persons connected with them have any interests, direct or indirect in the above matter.

The Board of Directors is of the opinion that the arrangement of the Credit Facility would benefit the Company and is in the best commercial interest of the Company.

This announcement is dated 9 July 2007.