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Bursa Announcements

Award of Contract for the Proposed Redevelopment Project for Deepwater Facilities at Quay 6 (MMHE), Pasir Gudang, Johor

INTRODUCTION
The Board of Directors of Muhibbah ("the Board") is pleased to announce that the Company has been awarded a proposed redevelopment project for Deepwater Facilities At Quay 6 (MMHE), Pasir Gudang, Johor ("the Project") by Malaysia Marine And Heavy Engineering Sdn Bhd ("MMHE") for a total contract sum of Ringgit Malaysia Eighty Million Three Hundred Thirty-Three Thousand (RM80,333,000) only.

DURATION OF CONTRACT
The Project is scheduled to commence by end-April 2008 and is targeted for completion in October 2009.

DIRECTORS' AND MAJOR SHAREHOLDERS' INTERESTS
None of the Directors and/or major shareholders and persons connected to the Directors and/or major shareholders have any interest, direct or indirect, in the Project.

FINANCIAL EFFECTS
The Project is expected to contribute positively to the earnings and net assets of Muhibbah Group for the current and future financial years.

The Project does not have any impact on the share capital and/or shareholding structure of Muhibbah.

DIRECTORS' STATEMENT
The Board, after considering all the relevant factors, is of the opinion that the Project is in the best interest of Muhibbah Group.

This announcement is dated 22 April 2008.