The Board of Directors (“the Board”) of Vivocom is pleased to announce that on 26 April 2016, Vivocom had vide its subsidiary company, Vivocom Enterprise Sdn Bhd (“VESB”), entered into a heads of agreement (“HoA”) with Green Ventures Development Sdn. Bhd. (“Green Ventures”) (“the Parties”) to be the main contractor for the development on Batu 10, Chepor, Mukim Hulu Kinta, Daerah Kinta. The land measuring 3.11 hectacres is to be developed for mixed development purposes (“the Project”). Subject to the execution of a final agreement, Green Ventures will appoint VESB as the turnkey contractor for the Project at an estimated contract value of approximately RM90.0 million (Ringgit Malaysia Ninety Million) (“the Proposed Development”).

The terms of the HoA are not exhaustive and are expressively “Subject to Contract” until a final written agreement has been entered into. Perbadanan Setiausaha Kerajaan Negeri Perak Darul Ridzuan (SSI) is the legal and beneficial owner of the vacant land held under Batu 10, Chepor, Mukim Hulu Kinta, Daerah Kinta, Perak.

Please refer to the attachment for additional information.

This announcement is dated 26 April 2016