General announcement

OTHERS

December 9, 2019
GA1-09122019-00033

AWARD OF PERFORMANCE BASED CONTRACT FOR THE LONG TERM MANAGEMENT AND MAINTENANCE OF STATE ROADS [JALANRAYA NEGERI (JRN)] IN SARAWAK - PACKAGE 3 (MUKAH DIVISION)

## para Protasco Berhad (“Protasco”) is pleased to announce that its 30% owned associate company, PJP Barisan HCM JV Sdn Bhd, has been awarded by Jabatan Kerja Raya (Public Works Department), a Performance Based Contract for the Long Term Management and Maintenance of State Roads [Jalanraya Negeri (JRN)] in Sarawak, Package 3 (Mukah Division), for a contract period of 10 years, effective from 1 January 2020 until 31 December 2029 (“the Contract”). ## para The contract sum of approximately RM24.6 million per annum is subject to review every three years with a maximum increase of 7.2% per revision. ## para The Contract is expected to contribute positively to the future earnings of Protasco Group.
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GA1-09122019-00033