The Board of Directors of OKP Holdings Limited (the "Company") wishes to announce that the tender for the widening of Old Choa Chu Kang Road from Sungei Tengah Road to Lim Chu Kang Road (the "Contract") by its wholly-owned subsidiary, Or Kim Peow Contractors (Private) Limited, had been accepted by the Land Transport Authority.

The amount of the Contract is SGD28,527,000 and the commencement date for the Contract is 14 February 2011. The Contract is expected to be completed by 13 February 2014.

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 subsidiaries for the current financial year ending 31 December 2011.

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.