The Board of Directors ("the Board") of OKP Holdings Limited ("the Company") wishes to announce the following changes:

(A) Stepping down of Mr Loo Choon Chiaw as an Independent Director

Mr Loo Choon Chiaw has stepped down as an Independent Director of the Company with effect from 31 May 2005. Following his stepping down as an Independent Director, Mr Loo Choon Chiaw shall cease to be the Chairman of the Remuneration Committee and member of the Audit and Nominating Committees.

The Board wishes to thank Mr Loo for his past services to the Company.

(B) Appointment of Mr Nirumalan s/o V Kanapathi Pillay as an Independent Director

Mr Pillay has been appointed as an Independent Director of the Company with effect from 1 June 2005. Mr Pillay has also been appointed as the Chairman of the Remuneration Committee and member of the Audit and Nominating Committees.

Pursuant to Rule 704(8) of the Listing Manual of the SGX, Mr Pillay is considered to be independent of the Management.

The detailed template announcement, pursuant to Rule 704(7) of the Listing Manual, containing the particulars of Mr Pillay will be released separately to the Singapore Exchange Securities Trading Limited ("SGX").