The Board of Directors (“the Board”) of KKB Engineering Berhad (“KKB”) is pleased to announce that KKB has received a Purchase Order from Sabah Electricity Sdn Bhd (“SESB”) for the Supply and Delivery of Steel High Tension Poles AND a Supply Order from PPES Works-PCSB JV (“PPES-PCSB”) Proposed Interchange Kipali Project for the Fabrication and Supply of Steel Pipes & Specials.

Additionally, KKB is pleased to announce that its associate company, OceanMight Sdn Bhd (“OMSB”) has received a Letter of Award from TALISMAN MALAYSIA LIMITED (“TALISMAN”) for the Engineering, Procurement and Construction (“EPC”) for the BUNGA PAKMA Wellhead Riser Platform.

The completion date for TALISMAN is scheduled within the third quarter of 2017 (3Q2017) and for both SESB and PPES-PCSB is scheduled within the third quarter of 2016 (3Q2016).

The total estimated contract value for the combined three (3) awards is approximately RM87.7 million (Ringgit Malaysia: Eighty Seven Million and Seven Hundred Thousand Only).

To the best of our knowledge, none of the Directors or major shareholders or persons connected with them has any interest, direct or indirect in the abovementioned three (3) awards. The Board is of the opinion that the abovementioned awards are in the best interest of KKB and its Group.

The above awards are expected to contribute positively to the earnings and net assets of the KKB Group for the financial years ending 31 December 2016 and 31 December 2017.

This announcement is dated 26 May 2016.