OTHERS EXTENSION OF CONCESSION FOR MAINTENANCE OF THE PENINSULAR FEDERAL ROAD

## fields Subject :: OTHERS ## para Protasco Berhad (" Protasco") is pleased to announce that its subsidiary, Roadcare (M) Sdn Bhd ("Roadcare") has today received a letter from the Government of Malaysia ("The Government") for the extension of concession for maintenance of the Peninsular Federal Road ("Concession"). ## para The Government had agreed to extend the Concession for a further period of 10 years comprising: ## para  an interim period of 2 years from 17 February 2016 till 16 February 2018 ("interim period") based on the same terms and conditions of the existing Concession; and ## para  8 years concession from the expiry of the interim period, from 17 February 2018 till 16 February 2026 based on Performance Based Contract ("PBC") model. ## para The concession is expected to contribute positively towards the Group’s results for the financial year ending 31 December 2016.