The Board of Directors of OKP Holdings Limited ("the Company") wishes to announce that the tender for Design and Build Contract for Widening of Runway Shoulders and Associated Works at Singapore Changi Airport ("the Contract") by its wholly-owned subsidiary, Or Kim Peow Contractors (Pte) Ltd, has been accepted by the Civil Aviation Authority of Singapore.

The contract sum is SGD9,627,000 and the commencement date for the Contract is 15 October 2004. The Contract is expected to be completed by 4 August 2005.

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 2004.