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MEMORANDUM OF UNDERSTANDING BETWEEN KHIND HOLDINGS BERHAD (380310-D) AND MISTRAL INTERNATIONAL PTY LTD (ACN 006680315)

KHIND HOLDINGS BERHAD

Type

Announcement
SubjectMEMORANDUM OF UNDERSTANDING BETWEEN KHIND HOLDINGS BERHAD
(380310-D) AND MISTRAL INTERNATIONAL PTY LTD (ACN 006680315)

Contents :

1. INTRODUCTION

The Board of Directors of KHIND HOLDINGS BERHAD (380310-D) ("KHIND") is

pleased to announce that KHIND had on July 2, 2005 signed a Memorandum of
Understanding (MoU) with Mistral International Pty Ltd (ACN 006680315) ("Mistral
International") of Victoria, Australia for the establishment of a strategic alliance to
jointly develop, market and promote the "Mistral" brand in their respective markets.


2. DETAILS ON MISTRAL INTERNATIONAL PTY LTD.

Mistral International Pty. Ltd. (formerly Ringgrip Pty. Ltd.) is a private limited
company registered in Melbourne, Australia and acquired its current name in 1998.
Mistral International is in the consumer electronic and electrical appliance business
with its brand presence in Australia, New Zealand, United Kingdom and certain
countries in the Middle East.


3. RATIONALE FOR EXECUTION OF MOU

The MoU is intended to provide mutual benefits to both parties as follows:-

3.1 to ensure consistency and standardization of the "Mistral" brand to
consumers by having a common logo and design of the "Mistral" brand;
3.2 to allow access to each other’s products and widen the product range in their
respective markets;
3.3 to reap economies of scale and quality assurance through joint procurement
and sourcing of new products .


4. FINANCIAL EFFECTS

The execution of the MoU between KHIND and Mistral International does not have
any immediate effect on the earnings per share, net tangible assets (NTA) and share
capital of KHIND.


5. DIRECTORS’ AND SUBSTANTIAL SHAREHOLDERS’ INTERESTS

None of the Directors and Substantial Shareholders of KHIND or any person
connected to them have any interest, direct or indirect, in the MoU.


6. STATEMENT BY BOARD OF DIRECTORS

The Board of Directors of KHIND is of the opinion that the execution of the MoU
between KHIND and Mistral International, is in the best interest of the KHIND group.


This announcement is dated July 15, 2005.
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Announcement Info

Company NameKHIND HOLDINGS BERHAD  
Stock Name KHIND    
Date Announced15 Jul 2005  
CategoryGeneral Announcement
Reference NoKH-050715-60163



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