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Share Buy-Back Statement

VITROX CORPORATION BERHAD

[649966-K]

1.

Disclaimer Statement

Bursa Malaysia Securities Berhad (“Bursa Securities”) has not perused this Share Buy-Back Statement prior its issuance, and

hence, take no responsibility for the contents of this Statement, makes no representation as to its accuracy or completeness

and expressly disclaims any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part

of the content of the Statement.

2.

Rationale For the Proposed Share Buy-Back By ViTrox Corporation Berhad (“ViTrox” or “the Company”) Of its Own

Ordinary Shares of RM0.10 Each (“Shares”) of up to 10% of its Existing Issued and Paid-Up Share Capital at any given

point in time (“Proposed Share Buy-Back”)

The Proposed Share Buy-Back, if exercised, would potentially benefit the Company and its shareholders as follows:-

a.

To allow the Company to take preventive measures against speculation particularly when its Shares are undervalued

which would in turn stabilise the market price of the Shares and hence, enhance investors’ confidence;

b.

To allow the Company flexibility in achieving the desired capital structure, in terms of the debt and equity composition,

and the size of equity; and

c.

The Purchased Shares may be held as treasury shares and distributed to shareholders as dividends and/or resold in the

open market with the intention of realising a potential capital gain if the Purchased Shares are resold at price(s) higher

than their purchase price(s).

3.

Retained Profits and Share Premium

Based on the audited financial statements of ViTrox as at 31 December 2008, the retained profits and share premium of the

Company stood at RM2,738,805 and RM1,222,055 respectively.

4.

Funding for the Proposed Share Buy-Back

The Proposed Share Buy-Back will be funded from internally generated funds. The Company has adequate resources to

undertake the Proposed Share Buy-Back as the Company has net cash and cash equivalent balance of approximately of RM2.14

million based on the audited financial statements of ViTrox as at 31 December 2008. The fund utilised by the Company for the

Proposed Share Buy-Back will reduce the resources available to ViTrox for its operations by a corresponding amount for shares

bought back.

5.

Interests of Directors’ and Substantial Shareholders’ and Persons Connected to them

Save for the inadvertent increase in the percentage shareholdings and/or voting rights of the shareholders in the Company

as a consequence of the Proposed Share Buy-Back, none of the Directors and Substantial Shareholders of ViTrox nor persons

connected to them has any interest, direct or indirect, in the Proposed Share Buy-Back and, if any, the resale of treasury shares.