Transaction Cost

In addition to the cost of the shares bought or sold, the client will have to pay the following charges:

Brokerage Rates

Brokerage is payable by both buyer and seller.

1. Stocks, ordinary shares, preference shares and other listed securities executed in board lots.
   With effect from 2 January 2008, the brokerage payable for all trades in stocks, ordinary shares, preference shares and other securities listed and traded on the stock market of Bursa Malaysia [but excluding the instruments described in paragraphs (b), (c) and (d) and (e) below] the brokerage payable shall be the minimum prescribed or shall be on a fully negotiated basis between its client, subject to a maximum of 0.70% of the contract value, whichever is higher.
2. Government bonds, Municipal Debentures and Asian Dollar Bonds
3. Other debentures (non-convertible)
4. Overseas options
   For all trades in these instruments [(b), (c) and (d)] regardless of contract value or nominal value, the brokerage is fully negotiable.
5. Such other instruments as the Exchange may prescribe by way of any circulars, directives or guidelines issued by the Exchange from time to time
6. Minimum brokerage
   With effect from 2 January 2008, the minimum brokerage rate is as follows:
   
   

   Category of Trade	Minimum Brokerage Rate*
   Inter-broker	Fully negotiable
   Institutional	Fully negotiable
   Retail trades valued above RM100,000	0.3% of contract value
   Retail trades valued below RM100,000	0.6% of contract value
   Online routed retail trades (via ECOS)** & ***	Fully negotiable
   Trades executed less than a board lot***	Fully negotiable
   Trades where cash upfront has been given prior to the execution of the trades***	Fully negotiable
   Same day buy and sell trades	0.15% of contract value

   *Fixed brokerage
   Always subjected to the fixed brokerage of RM2.00 on transaction of loan instruments and RM40.00 on any other transaction.
   ** Participating Organisation's Electronic Client-Ordering System approved by Bursa Malaysia.
   *** The minimum fixed brokerage of RM40.00 is not applicable for these transactions

Clearing Fees

1. Novated
   0.03% of transaction value (payable by both buyer and seller) with a maximum of RM1000.00 per contract. There is no minimum fee imposed.
2. Direct business
   0.03% of transaction value (payable by both buyer and seller) with a maximum of RM1000.00 per contract and a minimum of RM10.00.

Stamp Duty

The stamp duty chargeable on transactions on the stock market of Bursa Malaysia is:

1. RM1.00 for RM1000.00 or fractional part of value of securities (payable by both buyer and seller), and effective 17 March 2003, the stamp duty shall be remitted to the maximum of RM200.
2. All instruments relating to the issue of, offer for subscription, or purchase of, or invitation to subscribe or purchase, debentures approved by the Securities Commission under Section 32 of the Securities Commission Act, 1993, and the transfer of such debentures, are exempted from stamp duty.

Registration Fees

RM3.00 fee is charged per share certificate which is payable to the company registrar for issuance of new certificates.