The Board of Directors of OKP Holdings Limited ("the Company") wishes to announce that its wholly-owned subsidiary company, Or Kim Peow Contractors (Private) Limited has been awarded a contract worth $5,150,000 by Tuas Hi-Tech Park Pte Ltd for the proposed parcellation plan and infrastructure works comprising erection of Powergrid substation 1 with ancillary MDF Building and infrastructure works ("Phase 1 Works") and Powergrid substation 2 and internal roads ("Phase 2 Works") on Lots 2155PT & 2156PT MK 7 at Tuas South Avenue 3/8 URA Land Parcel 498 Singapore ("the Contract").

	Commencement date	Completion date
Phase 1 Works	24 March 2004	23 December 2004
Phase 2 Works	Within 5 months from the date of commencement of Phase 1 Works	Within a period of 12 months from the date of commencement of Phase 1 Works

The Contract is expected to contribute positively to, but has no material impact on, the earnings per share or net tangible assets per share of the Company and its subsidiary companies for the current financial year ending 31 December 2004.

None of the Directors has any interest, direct or indirect, in the Contract. As far as the Directors are aware, none of the controlling shareholders of the Company has any interest, direct or indirect, in the Contract.