Sunway Group

Bursa Announcements

Date : 07 January 2013

SUNWAY BERHAD

Type	Announcement
Subject	OTHERS
Description	SUNWAY BERHAD (“SUNWAY”) - LETTER OF AWARD TOTALLING RM44.99 MILLION FROM IDR ASSETS SDN BHD
The Board of Directors of Sunway is pleased to announce that Sunway Construction Sdn Bhd (“SunCon”), a wholly-owned subsidiary of Sunway Holdings Sdn Bhd which in turn is a wholly-owned subsidiary of Sunway, has on 7 January 2013, accepted the letter of award worth RM44.99 million from IDR Assets Sdn Bhd for the proposed design, construction and completion of package 11 - LEGOLAND Water Theme Park development located on part of the land under Lot PTD 170656 and Lot PTD 170659, Mukim Pulai, Daerah Johor Bahru, Johor Darul Ta’zim on “Design and Build” Works [hereinafter referred to as the “Proposed Project”]. The Proposed Project is targeted to be fully completed on or by 30 September 2013 with a construction period of 9 months. It is expected to contribute positively to the earnings of Sunway Group from the financial year ending 31 December 2013 onwards. The Proposed Project is subject to normal construction risk of materials price fluctuation. However, with the past experience and expertise of SunCon in construction projects in Malaysia, this risk could be mitigated at this juncture. None of the directors or substantial shareholders of Sunway or persons connected with them has any interest, whether direct or indirect in the Proposed Project. This announcement is dated 7 January 2013.