General Announcement
Reference No AD-031027-04A41

Company Name	:	ASIATIC DEVELOPMENT BERHAD
Stock Name	:	ASIATIC
Date Announced	:	27/10/2003


Type	:	Reply to query
Reply to Query Letter by KLSE reference ID	:	ME-031023-66882
Subject	:	UNUSUAL MARKET ACTIVITY

Contents :

With reference to the Exchange's letter (Ref No. ME-031023-66882) dated 23 October 2003 on unusual market activity, we wish to inform that we are not aware of any reason for the unusual market activity in the shares of the Company.

DATO' BAHARUDDIN BIN MUSA
Joint Chief Executive
Asiatic Development Berhad

Query Letter content :
We draw your attention to the sharp increase in price and high volume in your
Company's shares recently.
In accordance with paragraph 9.11 of the Exchange's Corporate Disclosure Policy
on Response To Unusual Market Activity, you are requested to furnish the
Exchange with an announcement for public release after a due enquiry seeking
the cause of the unusual market activity in the Company's securities. When
considering your response and when making the required announcement, your
attention is particularly drawn to the continuing disclosure requirements set
out in Chapter 9 of the KLSE's Listing Requirements.
The announcement is to reach the Exchange within one (1) market day via KLSE
Listing Information Network ("KLSE Link").

Yours faithfully

SUZALINA HARUN
Sector Head
Listing Compliance
/lk