RNS Number:2686E
Petaling Tin Berhad
26 November 2002



Attached herewith is the announcement released to the Kuala Lumpur Stock
Exchange on 26 November 2002 for your attention.



* Subject:


Valuation of Fixed Assets


* Contents :-


1.      Introduction


Petaling Tin Berhad ("PTB") wishes to announce that a valuation exercise has
been conducted on the following assets to assess the carrying value of the
assets to comply with the Malaysian Accounting Standards Board ("MASB") 23 in
respect of Impairment of Assets:-


a.      plant and machinery belonging to PTB Clay Products Sdn Bhd ("PTBCP"), a
wholly owned subsidiary of PTB, located at Tempat of Seri Cheeding, Mukim of
Tanjong Duabelas, State of Selangor Darul Ehsan ("PTBCP Plant & Machinery"); and


b.      a detached factory belonging to PTBCP ("PTBCP Building") and vacant land
belonging to PTB ("PTB Land"), both located and held within H.S. (M) 2377 (P.T.
548) & H.S.(M) 2376 (P.T. 547), Tempat of Seri Cheeding, Mukim of Tanjong
Duabelas, State of Selangor Darul Ehsan.


2.        Approvals


The valuation is not subject to the approval of the Securities
Commission or any other relevant authorities.



3.        Value placed on the assets by the Valuer & Revaluation Surplus/
         (Deficit)


                                  PTB LAND         PTBCP BUILDING        PTBCP PLANT &     PTB GROUP TOTAL
                                                                           MACHINERY
                                     RM                  RM                                      RM
                                                                              RM
Net Book Value                        2.00          4,118,540.00        7,988,067.00      12,106,609.00
as at 31.10.2002

Value placed by Valuer         1,960,000.00         4,000,000.00        7,443,000.00      13,403,000.00

Estimated Revaluation          1,959,998.00          (118,540.00)        (545,067.00)      1,296,391.00
Surplus/(Deficit)

Impairment (Loss)/Surplus       Not Applicable       (120,000.00)        (545,000.00)      (665,000.00)
to be recognised in the
financial statements for
the year ended 31.10.2002



4.      Effect on the Net Tangible Assets ("NTA") per share of the Group



         The impairment loss which will be incorporated in the audited financial
statements for the year ended 31 October 2002 will not have material effect on
the NTA per share of the Group.



5.      Name of the Valuer



         The valuer engaged for the said valuation exercise was Messrs Henry
Butcher, Lim & Long Sdn Bhd.



6.      Date of Valuation



         The valuation of PTBCP Plant & Machinery and PTB Land & PTBCP Building
are both dated 26 November 2002.


                      This information is provided by RNS
            The company news service from the London Stock Exchange
END

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