GMD: Trading of major shareholder

General Forwarding & Agency Corporation (GEMADEPT) has disclosed trading of major shareholder as follows:

* Stock symbol: GMD     

* Trader: Deutsche Bank Aktiengesellschaf and Deutshce Asset Management (Asia) Limited.

* Owning volume before trading: 2,412,632 shares (5.08%)

* Sold volume:

* Deutsche Bank Aktiengesellschaf: 95,750 shares

* Owning volume after trading: 2,316,882 shares (4.88%)

* Trading date: 16/12/2008

Hose

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>   UIC: Transaction of inside shareholder (25/12/2008)

>   TMC: Investment plans (25/12/2008)

>   PIT: Adjusting profit plan for 2008 (25/12/2008)

>   ITA: Listing and trading the additional shares (25/12/2008)

>   COM: Achievement of the company (25/12/2008)