Elektromotive Group Limited

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    Reply To Query From The Exchange

    BackOct 18, 2002

    The Board of Directors of Panpac Media.com Limited (the "Company") refers to the request from the Singapore Exchange Securities Trading Limited for an immediate disclosure with regard to a sharp increase in the trading volume of the Company's shares today.

    The Company has recently released announcements to the public in connection with the purchases of the Company's shares by its directors and substantial shareholders namely, Mr Chong Huai Seng and Mr Ricky Ang Gee Hing and also by a substantial shareholder of the Company, International Press Holdings Pte Ltd.

    Save for the abovementioned announcements, the Board of Directors and Substantial Shareholders of the Company are not aware of any material developments or circumstances which could give rise to the sharp increase in the trading volume of the Company's shares today.