VIVOCOM INTL HOLDINGS BERHAD (formerly known as INSTACOM GROUP BERHAD) ("VIVOCOM" OR THE "COMPANY")

We refer to the article appearing in the New Straits Times, B2 on Monday, 22 August 2016, in particular to the sentence reproduced below :-

“….is expected to clinch another construction project with a gross development value (GDV) of about RM600 million in Ipoh.”

In relation thereto, we wish to clarify that Vivocom is currently in advance stages of negotiations with the customer for a said project which involves the construction of six blocks of 22-storey condominiums with an indicative value of approximately RM600 million (“project”).

The final decision on the award of the project from the customer is still pending as at the date of this announcement.

The Board of Directors will make the necessary announcement once it receives the relevant notification from the customer on the award of the project.

This announcement is dated 23 August 2016.