Changes in Sub. S-hldr's Int. (29B)

COSWAY CORPORATION BERHAD

Particulars of substantial Securities Holder

Name Tan Sri Dato' Seri Vincent Tan Chee Yioun
Nationality/Country of incorporation Malaysia
Descriptions (Class & nominal value) Ordinary shares of RM1/= each

Details of changes

Type of transaction Date of change
No of securities
Price Transacted (RM)
ACQUIRED 24/01/2003
200,000
ACQUIRED 27/01/2003
50,000
ACQUIRED 28/01/2003
100,000
ACQUIRED 29/01/2003
100,000

Circumstances by reason of which change has occurred Beneficial interest - Acquired from open market
Nature of interest Deemed and beneficial interest
Direct (units) 20,655,000
Direct (%) 6.0000
Indirect/deemed interest (units) 244,520,546
Indirect/deemed interest (%) 70.9900
Total no of securities after change 265,175,546
Date of notice 30/01/2003


Remarks :
                                                           INDIRECT SHAREHOLDINGS

1. Garima Holdings Sdn Bhd                    159,048,909
2. Berjaya General Insurance Berhad         8,079,200
3. Prime Credit Leasing Sdn Bhd                 5,344,242
4. Juara Sejati Sdn Bhd                              58,132,940
5. Bizurai Bijak (M) Sdn Bhd                       12,803,074              
6. Inter-Pacific Securities Sdn Bhd               1,102,000
7. Indah Corporation Berhad                              10,181
                                                               ---------------------
                   Total                                         244,520,546
                                                               =============


Announcement Info

Company Name COSWAY CORPORATION BERHAD
Stock Name COSWAY
Date Announced 30 Jan 2003
Category Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference Number CC-030124-5AD5E