| OLYMPIA INDUSTRIES BERHAD (the Company orOIB)CLARIFICATION |
| Reference is made to the online news article entitled Duta Yap joins fray for |
| Tanjongs gaming unit in Malaysian Insider on 10 December 2010 and Olympia, |
| DutaLand rise in active trade in the Business Times on 11 December 2010. |
| The Board of Directors of OIB wishes to clarify that the Company is constantly |
| seeking investment opportunities to complement its businesses. |
| In line with the above, the Company has expressed an interest to acquire all |
| the equity shares in Pan Malaysian Pools Sdn Bhd from Tanjong Public Limited |
| Company. |
| At as the date of this announcement, no formal offer has been made. |
| The Company will make the necessary announcement should there be further |
| developments. |
| |