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Award Of Tender

BackDec 03, 2002

The Board of Directors of OKP Holdings Limited ("the Company") wishes to announce that the tender for Contract RR0111 - Design and Widen Bukit Timah Expressway from Kranji Expressway to Seletar Expressway ("the Contract") by its wholly-owned subsidiary, Or Kim Peow Contractors (Private) Limited, has been accepted by the Land Transport Authority.

The contract sum is SGD21,570,114.00 and the commencement date for the Contract is 29 November 2002. The Contract is expected to be completed by 28 May 2005.

The Contract is not expected to have any material impact on the earnings per share or net tangible assets per share of the Company and its subsidiaries for the current financial year ending 31 December 2002.