Malaysian Resources Corporation Berhad (‘the Company”) is pleased to announce that the Ekovest Berhad – MRCB JV has received a Letter of Intent (“LOI”) from the Government of Malaysia (“GOM”) via Datuk Bandar Kuala Lumpur for the River of Life Project (“the Project”). The LOI dated 22 February 2011 indicate the intention of the GOM to obtain the services of the Ekovest Berhad-MRCB JV as the Project Delivery Partner (“PDP”) for the Project, an Entry Point Project (“EPP”) identified in the Greater Kuala Lumpur/Klang Valley National Key Economic Area (“NKEA”) under the Economic Transformation Programme (“ETP”).

This intention is subject to further negotiation between Ekovest Berhad – MRCB JV and the River of Life Joint Development Committee which was set up to govern the Project on behalf of the GOM in relation to the scope and cost of services of the Project.