The Board of Directors of Kerjaya Prospek Group Berhad ("Company") is pleased to announce that its wholly-owned subsidiary company, Kerjaya Prospek (M) Sdn. Bhd. ("KPSB"), has on 31 March 2017 accepted a letter of award ("LA") from Bina BMK Sdn Bhd ("BBMK") at the total contract sum of Ringgit　Malaysia　Thirty One Million Five Hundred Ninety Eight Thousand Six Hundred Forty And Sen Eighty One Only (RM31,598,640.81) ("Contract").

The Contract is for the main building works for a proposed development project comprising of thirty-two (32) unit three (3) storey terrace house on Lot PT 287-PT 313 & PT 321–PT 325, Kawasan Tebusguna, Bandar Tanjung Pinang, (Fasa1), Daerah Timur Laut, Pulau Pinang, which is a development project of E&O Property (Penang) Sdn Bhd.

The construction works to be undertaken by KPSB is expected to commence on 22 March 2017 ("Date of Commencement") and due to be completed on 21 September 2018.

The Contract will further increase and enhance the existing order book of the Company and its group of companies ("Group").

The Contract will have no effect on the issued and paid-up capital of the Company but it is expected to contribute positively to the earnings and net assets per share of the Company and the Group for the financial years ending 2017 to 2018.

None of the directors and/or major shareholders of the Company or persons connected to them have any interest, direct or indirect, in the Contract.

This announcement is dated 31 March 2017.