09:46     KINGBOARD CHEM<00148> - Announcement (2)                            

    unconditional the Further Information in relation to,                     
    among other things, certain financial information of                      
    the E&E Group and the Enlarged Group.                                     
                                                                              
    As disclosed in the announcement of the Company and                       
    the Hong Kong Offeror dated 25 November 2004, the Hong                    
    Kong Offers became unconditional in all respects on                       
    25 November 2004. In other words, the Supplemental                        
    Announcement should be published in the newspapers                        
    on or before 6 January 2005.                                              
                                                                              
    The Singapore Offeror announced the Singapore Share                       
    Offer immediately after the Hong Kong Offers having                       
    become unconditional in all respects on 25 November                       
    2004.                                                                     
                                                                              
    As disclosed in the announcement of the Company dated                     
    10 December 2004, the Singapore Offer Document dated                      
    8 December 2004 has been despatched to all holders                        
    of EEIC Shares pursuant to the Singapore Takeovers                        
    Code on 10 December 2004. Under the Singapore Offer                       
    Document, the closing date of the Singapore Share                         
    Offer is 7 January 2005.                                                  
                                                                              
    The Company has requested E&E and EEIC for the                            
    information required for the purposes of the                              
    Supplemental Announcement but has been informed by                        
    E&E and EEIC that they will only be providing the                         
    information required by the Company in relation to                        
    EEIC after the closing of the Singapore Share Offer,                      
    being 7 January 2005.                                                     
                                                                              
    The Company understands that EEIC has been advised                        
    by its Singapore legal advisers that:                                     
                                                                              
    (i)     as the Singapore Share Offer is still ongoing,                    
    EEIC can release the information requested by the                         
    Company only if it releases such information to all                       
    other shareholders of EEIC as well, in compliance with                    
    the "Equality of Information" rules of the Singapore                      
    Takeovers Code. EEIC's Singapore legal advisers have                      
    verbally consulted the Securities Industry Council                        
    of Singapore ("SIC") on this issue and the SIC has                        
    affirmed that any such information released to the                        
    Company should also be released to all other                              
    shareholders in accordance with the Singapore                             
    Takeovers Code;                                                           
                                                                              
    (ii)    the information requested by the Company if                       
    released by EEIC to all its shareholders prior to the                     
    closing of the Singapore Share Offer, includes                            
    information which is prospective in nature and may                        
    constitute profit forecasts or statements of                              
    prospects which need to be reported on by EEIC's                          
    auditors and financial advisers. Under the Singapore                      
    Takeovers Code, a profit forecast (including a                            
    statement of prospects) has to be reported on by                          
    EEIC's auditors and financial advisor to confirm,                         
    inter alia, that the forecast has been made after due                     
    and careful enquiry; and                                                  
                                                                              
    (iii)   EEIC need not comply with the foregoing                           
    requirements of the Singapore Takeovers Code after                        
    the Singapore Share Offer closes i.e. after 7 January                     
    2005.                                                                     
                                                                              
    On the basis of the advice provided by its Singapore                      
    legal advisers, EEIC has accordingly informed the                         
    Company that it will only be providing the information                    
    requested by the Company for the purposes of the                          
    Supplemental Announcement after 7 January 2005.                           
                                                                              
                                                                              
    EXTENSION OF TIME FOR PUBLICATION OF THE