May 21, 1998

Asiatic Development Berhad

ENTITLEMENT  AND  BOOKS CLOSURE   DATES  FOR  THE  PROPOSED  FINAL DIVIDEND IN RESPECT OF THE FINANCIAL YEAR ENDED 31ST DECEMBER 1997

Following  the  Preliminary  Announcement  of the audited results of the Group and of
the  Company  for  the  financial  year  ended  31st December 1997 on 23rd February 1998,  the   Board  of  Directors  of  the  Company  is  pleased  to  announce  that the
proposed final dividend of 2.5 sen less 28%  tax  per ordinary share of 50 sen each in
respect  of  the  financial  year   ended  31st December 1997 as recommended by the  Board,  will be paid,  subject to shareholders'  approval of the aforesaid proposed final  dividend  at  the  forthcoming  Annual  General   Meeting  of  the  Company,  on 22nd  July  1998  to  shareholders   registered  in  the  Register  of Members at the close of business on 29th June 1998.

Accordingly,  NOTICE  IS  HEREBY  GIVEN  THAT  the  Share  Transfer  Books and Register of  Members will be closed from 30th June 1998 to 6th July 1998, both days inclusive, for the purpose of determining shareholders' entitlement to the final dividend.

Duly completed registrable transfers received by  the  Company's  Share  Registrars, Genting  Management  and  Consultancy  Services  Sdn  Bhd,   23rd  Floor,   Wisma Genting, Jalan Sultan  Ismail,  50250 Kuala  Lumpur,  up to  5.00 pm  on  29th  June 1998 will be registered before entitlement to the dividend are determined.

FURTHER  NOTICE  IS  HEREBY   GIVEN  THAT  the Malaysian Central Depository Sdn  Bhd  shall  not  be  accepting  any  request  for  deposit and / or  withdrawal  of shares commencing 12.30 pm on 25th June 1998 until 12.29 pm on   29th June 1998. 
A Depositor shall qualify for entitlement to the final dividend only in respect of :-

I.Shares  deposited  into the Depositor's securities account before 12.30 pm on 25th June 1998;
II.Shares not  withdrawn  from the Depositor's securities account as at 12.29 pm on 25th June 1998;
III.Shares transferred  into the Depositor's securities account before 12.30 pm on 29th June 1998 in respect of ordinary transfers;
IV.Shares transferred into the Depositor's securities account at or before 3.00 pm on 29th June 1998 in respect of express transfers; and
V.Shares bought  on  the  Kuala Lumpur  Stock Exchange on a cum entitlement basis according to the rules of the Kuala Lumpur Stock Exchange.

EIGHTEENTH ANNUAL GENERAL MEETING

The Board of Directors  is  pleased  to  announce  that  the Twentieth Annual General Meeting of the Company  will  be  convened  and  held at  26th floor, Wisma Genting, Jalan Sultan  Ismail,  50250  Kuala  Lumpur on Friday, 19th June 1998 at 9.00 am to transact the ordinary business of the Company.