The Malaysian Rating Corporation Berhad (“MARC”) has once again reaffirmed DIALOG's Corporate Credit Rating of AA- in November 2005. MARC has maintained DIALOG's Corporate Credit Rating of AA- for seven consecutive years since 1999. The AA- rating is a reflection of the Group's resilient financial position, sound business fundamentals and overall low risk profile.

DIALOG voluntarily initiated the Corporate Credit Rating exercise. This rating exercise, which was conducted without reference to any specific bonds or debt issue, is being undertaken with the primary objective of having an annual independent assessment of the Group’s management strategies and policies by an external agency. The independent assessment covers not only quantitative factors, but also qualitative areas such as the operating environment, competitive position, management capabilities, and corporate business strategies.

The management has a proactive policy of continuously improving corporate governance and greater transparency in all of its activities. The Corporate Credit Rating exercise is geared towards this objective, which will enhance accountability to shareholders and investors’ confidence in the management’s stewardship of DIALOG.

MARC is a well regarded domestic credit rating institution in Malaysia. It is affiliated with Fitch, one of the only three global rating agencies, with whom it has technical cooperation and exchange.