Company Announcement: FABER GROUP BERHAD

PROPOSED DISPOSAL BY FABER HOTELS HOLDINGS SDN BHD, A WHOLLY-OWNED SUBSIDIARY OF FGB, OF ITS 100% EQUITY INTEREST IN FABER LABUAN SDN BHD TO BERJAYA LAND BERHAD (“BLAND”) FOR A TOTAL CASH CONSIDERATION OF USD68.22 MILLION (OR APPROXIMATELY RM228.54 MILLION) (“PROPOSED DISPOSAL”).Reference is made to the announcements dated 10 December 2007, 4 January 2008, 17 January 2008, 29 January 2008 and 31 January 2008 in relation to the Proposed Disposal. On behalf of FGB, CIMB Investment Bank Berhad wishes to announce that the Proposed Disposal has been completed today. This announcement is dated 18 February 2008.

(KLSE 18-2-2008)