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06 May 2009
KINSTEEL BHD (“KINSTEEL” or the “Company”) VARIANCE BETWEEN AUDITED AND UNAUDITED CONSOLIDATED PROFIT AFTER TAX AND MINORITY INTEREST (PATMI) FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2008

Further to our announcement made to the Exchange on the Group’s unaudited results on 26 February 2009, the Board of Directors’ of Kinsteel Bhd wishes to announce that the audited consolidated profit for the year after tax and minority interest (PATMI) deviate from the unaudited PATMI by 14%. The reconciliation of the deviation and the explanations thereof are set in the table as per attachment.

Explanation on Variances - Account 31 Dec 2008

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