The Board of Directors of OKP Holdings Limited ("the Company") wishes to announce that its wholly-owned subsidiary, Or Kim Peow Contractors (Private) Limited had been awarded part of the Civil and Related Works for Tank Foundation and other Structures at the land next to Meranti Crescent - MK No. 34 at Jurong Island ("the Contract") by Rotary Engineering Limited.

The amount of the tender is approximately SGD50 million. The Contract is expected to be completed on 30 April 2007.

The Contract is expected to contribute positively to and have a 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 2006.

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.