HALF YEAR RESULTS 30 JUNE 2004 Presented by Koh Mei Lee PPB GROUP BERHAD

Group Financial Highlights Dividend Share Information Corporate Developments Prospects For 2004 agenda

Group Financial Highlights

financial results Jan to June Change RM mil % Revenue5,3974, Profit from operations275287(4.2) Profit/(loss) from investing activities Share of associates Finance costs (8) (6) 33.3 PBT PAT Earnings

financial results Jan-JunFull Year % (All figures in RM million) Change Non-Current Assets3,5433, Current Assets2,6032, Less : Current Liabilities (1,173) (980)19.7 Net Assets 4,9734, Financed By : Share Capital491 - Reserves2,5902, Shareholders Funds3,0812, Minority Interest1,5101, Non-Current & Def. Liabilities ,9734, NTA per share (sen)

financial ratios Jan to June +1%

segmental results comparison Sugar & cane Flour, feed & grain milling Oil palm plantations Edible oil refining & trading Waste management & utilities Cinemas PropertyOthers Jan to June Y2003 Y2004

segmental revenue contribution Jan to June 2004 RM5.4 billion

operating profits contribution Jan to June 2004 RM281million

PBT for 5 years 18.3% Average growth for 5 years

Cash and borrowings

Dividend

dividend record DividendNetPayout ratio per sharedividendCompanysof Companys GrossNetpaidearnings Year(sen) (RM million) (%) (based on enlarged capital)

Share Information

share information RM4.78 RM4.62 RM3.86 RM8.05 RM6.15 RM6.50 Average Daily Volume HighLowClose 152, , %

share performance Yr2003Yr2004 RM5.30 RM % %

Corporate Developments

major acquisitions and joint ventures PPB completed the privatisation of FFM Berhad by way of a members scheme of arrangement under Section 176 of the Cos. Act, 1965 offer was for 1 new PPB share plus cash of RM2.00 for every 1 FFM share additional 102,126,817 PPB shares were listed on Bursa Malaysia on 25 August 2004 PPBs share capital increased to RM592.7 million FFM became a wholly-owned subsidiary of PPB

major acquisition and joint ventures On 9 June 2004, FFM Group expanded its wheat flour milling activity to Thailand through the acquisition of 43.35% interest in Kerry-Glory Flour Mills Co. Ltd for a total cash consideration of Baht 329,454,414 equivalent to RM30.7 million. On 7 May 2004, PGEO Group entered into a JV with KOG Investments Pte Ltd, Spore to construct and operate an edible oils and fats processing facility in Rotterdam, Netherland through KOG Edible Oils BV (KOGBV) at a total cost of Euro 27.7 million. PGEO Group subscribed for 35% interest in KOGBV for a total cash consideration of Euro 4.2 million.

Prospects for 2004

prospects for 2004 Groups profit for 2004 is likely to match that of year 2003

Thank You