The Board of Directors of Muhibbah announced that Muhibbah has been awarded by Lumut Maritime Terminal Sdn. Bhd., for the Proposed Construction and Completion of Lumut Maritime Terminal Expansion Project at Mukim Lumut, Manjung, Perak (Phase 2A - Construction of Onshore Infrastructure and Offshore Facilities inclusive Main Open Type Wharf). The total contract value is approximately MYR 161 million.

DURATION OF CONTRACT WORK ORDER: The Contract is scheduled to commence immediately and is expected to be completed within twenty months from the commencement/effective date. FINANCIAL EFFECTS: The Contract is expected to contribute positively to the earnings and net assets of Muhibbah and its subsidairies ("Muhibbah Group") for the current and future financial years. The Contract does not have any impact on the share capital and/or shareholding structure of Muhibbah.

RISKS: The Contract is within the normal ordinary business scope of Muhibbah Group, so it is not expected to expose Muhibbah Group to any new risks other than those through its existing businesses. Such risk factors affecting the Contract include changes in economic and regulatory environment, operational risks such as non-completion risk, shortage of manpower, fluctuation of material prices and foreign currencies of which the Group would take appropriate measures to mitigate the risks.