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 11 May 2017 accepted a letter of award ("LA") from BCB Development Sdn. Bhd. ("BCB") at the total contract sum of Ringgit　Malaysia　Two Hundred Seven Million Three Hundred Sixty Two Thousand and Five Hundred Only (RM207,362,500.00) ("Contract").

The Contract is for the main building works for a proposed development project comprising of ninety-nine (99) unit three storey (3) storey bungalow, one hundred sixty-six (166) unit three (3) storey semi-detached house, one (1) unit two (2) storey club house, two (2) unit security guard house, four (4) unit electrical substations and one (1) unit single storey mosque on Lot PT142768 (Lot lama 140594), Persiaran Anggerik Oncidium, Seksyen 31, 40460 Shah Alam, Selangor Darul Ehsan, which is a development project of BCB Development Sdn Bhd.

The construction works to be undertaken by KPSB is expected to commence on 15 May 2017 ("Date of Commencement") and due to be completed on 30 September 2019.

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 share 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 2019.

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.

A copy of the press release in relation to the above is attached for information.

This announcement is dated 11 May 2017.