Reconstitution Of Remuneration Committee

The Board of Directors (the “Board”) of Straco Corporation Limited (the “Company”) wishes to announce that they had reviewed the membership of the Remuneration Committee and the Committee has reconstituted as follows with effect from 27 February 2007:-


REMUNERATION COMMITTEE

Tay Siew Choon – Independent Director (Chairman)
He Ping – Non-Executive Director
George Huang Chang Yi – Independent Director



By Order of the Board
Lotus Isabella Lim Mei Hua
Company Secretary
Date: 28 February 2007