The Board of Directors (“the Board”) of KKB Engineering Berhad (“KKB”) wishes to announce that Harum Bidang Sdn Bhd (“HBSB”), a subsidiary of KKB, has on 24 November 2014  accepted and signed a Two (2) Years Contract with CMS Infra Trading Sdn Bhd (“CMSIT”) for the Supply and Delivery of Concrete-Lined Mild Steel Pipes and Mechanical Couplings with a contract sum of approximately Ringgit Malaysia Forty-Three Million Nine Hundred Thousand Only (RM43.9 million).

A written Agreement will be entered into between HBSB and CMSIT in due course.

Cahya Mata Sarawak Berhad (“CMSB”) is a major shareholder of KKB. CMSIT is a subsidiary of CMSB and accordingly, CMSB is deemed interested in the award. Datuk Syed Ahmad Alwee Alsree and Encik Syed Hizam Bin Syed Mahmood Ezzularab Abdul-Moez Alsagoff are both Directors of KKB. Datuk Syed Ahmad Alwee Alsree is also a Director of CMSB and both Datuk Syed Ahmad Alwee Alsree and Encik Syed Hizam Bin Syed Mahmood Ezzularab Abdul-Moez Alsagoff are the nominees of CMSB and persons connected with CMSB.  Accordingly, they are deemed interested in the award.

KKB has obtained the shareholder mandate at its Annual General Meeting held on 8 May 2014. Immediate announcement will be made to the Exchange when the actual value of the transaction exceeds the estimated value as disclosed in the Circular to Shareholders by 10% or more.

Save as disclosed above, none of the Directors or major shareholders of KKB or persons connected with them has any interest, direct or indirect, in the abovementioned award. The Board is of the opinion that the abovementioned award is in the best interest of KKB and its group of companies.

This announcement is dated 25 November 2014.