Announcement Details :

1. INTRODUCTION

Pursuant to Rule 10.08 of the LR, Opcom Holdings Berhad ("OPCOM") wishes to announce that OPCOM has entered into the following related party transactions ("The Transactions"):-

OPCOM, through its subsidiary Opcom Cables Sdn Bhd ("OCSB"), has on even date purchased the following two units of motor vehicle from Opcom Sdn Bhd ("OSB") at a total cash consideration of RM339,195.00:

(1) One unit of Toyota Alphard manufactured in year 2005 with a net book value of RM75,143.99 as at 31 March 2009 at a cash consideration of RM200,000.00. The market value of the motor vehicle as at today is approximately RM217,000; and

(2) One unit of Toyota Camry manufactured in year 2009 with net book value of RM139,195.00 at a cash consideration of RM139,195.00.

The Transactions shall be completed within 14 days from the date of this announcement.

The Company makes this announcement in accordance with Rule 10.12 “Aggregation of Transactions” of the LR as the Transactions have in total exceeded 0.25% but less than 5% of the percentage ratios specified in the LR.

2. CONSIDERATION

The consideration prices were based on a willing buyer and willing seller basis and will be funded by internally generated funds.

3. RATIONALE

OPCOM purchases the two units of motor vehicle for official company use.

4. FINANCIAL EFFECTS

The Transactions do not have any impact on the issued and paid up capital, and substantial shareholders’ shareholdings of OPCOM. The Transactions do not have any material impact on the net assets per share, gearing and earnings per share of OPCOM.

The Transactions will result an amount of RM339,195.00 payable by OCSB to OSB.

5. APPROVALS REQUIRED

The Transactions do not require the approval of OPCOM’s shareholders nor any government authorities.

6. DIRECTORS AND MAJOR SHAREHOLDERS INTEREST

Save as disclosed below, none of the directors, substantial shareholders and person connected to them have any interest, direct or indirect, in the Transactions.

Dato’ Mukhriz Mahathir, a major shareholder of OPCOM is a major shareholder and a director of OSB. He resigned as the director of OPCOM effective from 8 May 2009. However, under the definition of the LR, he is still deemed a director of OPCOM. Dato Mokhzani Mahathir, a chairman of OPCOM is a person connected to Dato Mukhriz Mahathir.

7. STATEMENT BY AUDIT COMMITTEE

The Audit Committee of OPCOM having considered all aspects of the Transactions included but not limited to the prevailing market values of the two units of motor vehicle, is of the view that the Transactions are reasonable and in the best interest of OPCOM.

8. STATEMENT BY BOARD OF DIRECTORS

The Board of Directors of OPCOM having considered all aspects of the Transactions that included but not limited to the prevailing market values of the two units of motor vehicle, is of the opinion that the Transactions are reasonable and in the best interest of OPCOM.

9. TOTAL AMOUNT OF RELATED PARTY TRANSACTIONS WITH OSB

As of the date of this announcement the total amount of related party transactions that OPCOM entered with OSB is RM339,195.00.

This announcement is dated 9 October 2009.