Investors Alert

UNUSUAL MARKET ACTIVITY

Bursa Malaysia Securities Berhad ("Bursa Securities") has issued an Unusual Market Activity ("UMA") query to CAN-ONE BERHAD (stock short name: CANONE and stock code: 5105) today due to the sharp increase in the price of the Company's shares recently.

The UMA query has been posted on Bursa Malaysia's website, www.bursamalaysia.com, under the classification of "Listing Circular".

Investors are advised to take note of the Company's reply to the UMA query which will be posted on Bursa Malaysia's website under company announcements, http://announcements.bursamalaysia.com when making their investment decision.

REPLY TO QUERY

We draw your attention to the sharp increase in price of your Company’s shares
recently.

In accordance with the Corporate Disclosure Policy on Response To Unusual
Market Activity pursuant to paragraph 9.11 of the Main Market Listing
Requirements of Bursa Malaysia Securities Berhad ("Main LR"), you are requested
to furnish Bursa Malaysia Securities Berhad ("Bursa Securities") with an
announcement for public release after making due enquiry with your directors
and major shareholders seeking the cause of the unusual market activity in the
Company’s shares.

In this respect, you are also required to publicly confirm, amongst others, the
following:-

1. whether there is any corporate development relating to your Group’s
business and affairs that has not been previously announced that may account
for the unusual market activity including those in the stage of negotiation /
discussion. If yes, kindly provide the details including the status of the
corporate development to enable investors to make informed investment decision;

2. whether there is any rumour or report concerning the business and affairs of
the Group that may account for the unusual market activity and in this
respect, you are required to comply with paragraphs 9.09 and 9.10 of the Main
LR;

3. whether you are aware of any other possible explanation to account for the
unusual market activity; and

4. your compliance with the Main LR, in particular paragraph 9.03 of the Main
LR on immediate disclosure obligations.

Please note that the contents of the announcement must be endorsed by the Board
of Directors of the Company and the announcement must reach Bursa Securities
immediately via Bursa LINK.

Announcement Details/Table Section :

We refer to the query dated 5 January 2012 from Bursa Malaysia Securities Berhad.

The Board of Directors of Can-One Berhad (“Canone”) wishes to confirm that:-

1. There is no corporate development relating to Canone Group’s business and affairs that has not been previously announced that may account for the unusual market activity including those in the stage of negotiation/discussion.

2. We are not aware of any rumour or report concerning the business and affairs of Canone Group that may account for the unusual market activity.

3. We are not aware of any other possible explanation to account for the unusual market activity.

4. Canone will make the necessary disclosure when there is any material development in Canone in accordance with the Main Market Listing Requirements of Bursa Malaysia Securities Berhad.