Petaling Jaya, December 8, 2004 - Main Board-listed Amway (Malaysia) Holdings Berhad (Amway) today announced that Jay Van Andel, co-founder of its parent company, Amway Corp., died Tuesday, December 7, 2004, at his home in Ada, Michigan. He was 80. He was preceded in death by his wife of 52 years, Betty, who passed away at their Caribbean home on Peter Island on January 18, 2004.

He is survived by his sons Steve (Cindy) and David (Carol), and daughters Nan and Barb (Rick) Van Andel-Gaby. Van Andel is also survived by 10 grandchildren: Leigh, Jesse, Aaron, Kyle, Christian, Marie, Rachel, Jason, Nathan, and Samuel.

Van Andel was best known for his strong belief in the power of personal initiative and free enterprise to change people's lives. With his partner, Rich DeVos, Van Andel created Amway Corp. in 1959, a leading direct selling company today with a presence in over 80 countries and territories. Amway was established in Malaysia in 1976 and it currently has a 161,000 strong core distributor force.

Said Amway's Managing Director Low Han Kee: "We are saddened by his loss but the company will continue to pursue Mr Van Andel's vision of providing entrepreneurial opportunities to people."

Van Andel and DeVos first dreamed of owning their own business when they were students at Grand Rapids Christian High School. The two friends founded Amway in their basements in 1959 with an all-purpose cleaner, L.O.C., as their only product. After the first year of business, they moved to an abandoned service station located at the current headquarters site in Ada, Michigan. Over four decades, they built their business into a multi-billion dollar international corporation and one of the world's largest direct selling companies.

In October 2000, Amway became one of three subsidiaries under a new parent company, Alticor, along with two sister companies: Quixtar Inc., a Web-based business in North America and Access Business Group LLC., a manufacturing and logistics provider to Amway, Quixtar and other companies.

Van Andel was succeeded as Amway's Chairman in 1995 by his son, Steve, who today manages daily operations of Alticor Inc. with President Doug DeVos, Rich DeVos's son. Van Andel remained active with the company as a prominent member of Alticor's Board of Directors until his death.

"His strength and leadership helped us become what we are today - a leading symbol of opportunity and free enterprise to the thousands of employees and millions of independent business owners who work with us," added Doug DeVos.

About Jay Van Andel

Van Andel was born June 3, 1924, in Grand Rapids, graduated from Grand Rapids Christian High School, attended Calvin College in Grand Rapids; Morningside College in Sioux City, Iowa; Pratt Business School in Kansas; and Yale University Aviation Cadet School in New Haven, Connecticut. He served in the U.S. Army Air Corps as a first lieutenant from 1942 to 1945. He married the former Betty Hoekstra of Grand Rapids in 1952.

His major philanthropic effort was the establishment of the multi-million-dollar Van Andel Institute, one of the world's pre-eminent biomedical research facilities, in Grand Rapids. Van Andel was a driving force behind the renewal of downtown Grand Rapids, beginning with the purchase of the Pantlind Hotel in 1979, which later became the Amway Grand Plaza Hotel. His commitment and financial support of USD11.5 million were instrumental in building the sports and entertainment facility that bears his family's name, Van Andel Arena. He was the leader and major contributor of the funding for the Van Andel Museum Center of the Grand Rapids Public Museum. Van Andel also was founding chairman of the Right Place Committee, formed in 1980 to create and retain business and employment in Grand Rapids.

He also was a strong supporter of education, providing financial gifts to Grand Valley State University, in Allendale, Mich., Hope College, in Holland, Mich., and the Van Andel Education Institute, in Grand Rapids.

In the area of health care, Jay and Betty were major supporters of the Pine Rest Christian Hospital, on whose board Betty served for many years.

Van Andel was inducted into the Direct Selling Association Hall of Fame, the Junior Achievement National Business Hall of Fame, the Sales and Marketing Executives International Academy of Achievement, and the Greater Grand Rapids Business Hall of Fame. He was a member of the MENSA Society of the US.

About Amway Corporation

Amway Corporation's parent company is Alticor (www.alticor.com) which also owns Quixtar Inc. and Access Business Group LLC. Headquartered in Ada, Mich., USA, Alticor and its affiliates offer products, business opportunities, and manufacturing and logistics services in more than 80 countries and territories worldwide. In its most recent fiscal year, Alticor reported worldwide sales of USD6.2 billion.

About Amway (Malaysia) Holdings Berhad

Amway is one of the leading direct selling companies in Malaysia. The company, which began operations in 1976, offers a wide range of meaningfully differentiated quality products under its five core product lines, namely Nutrition and Wellness (NUTRILITE vitamins and dietary supplements), Skin Care & Cosmetics (ARTISTRY skin care and cosmetic products), Personal Care (including oral care, toiletries and hair care products), Home Care (including laundry and car care products and household cleaners); and Home Tech (including water treatment system and cookware). In addition, the company's Personal Shoppers Catalogue offers locally-sourced and manufactured consumer products, from food and beverage to watches, garments, personal accessories and household appliances. In its fiscal year ended 31st August 2004, Amway recorded sales revenue of RM456.4 million.