Sarawak Cable to award to Sinohydro-Trenergy the Mapai to Lachau 500Kv Transmission Line Project and the Lachau to Tondong 500Kv Transmission Line Pro

Sarawak Cable Berhad ("Sarawak Cable") wishes to announce that its wholly-owned subsidiary, Trenergy Infrastructure Sdn Bhd ("Trenergy") had on 30 August 2013 received a Letter of Intent from Sarawak Energy Berhad on its intention to award to Sinohydro-Trenergy Joint Venture the Mapai to Lachau 500Kv Transmission Line Project in Sarawak ("Package B") for a contract sum of RM352.8 million and the Lachau to Tondong 500Kv Transmission Line Project ("Package C") in Sarawak for a contract sum of RM265.8 million. A formal contract agreement for the respective Package B and Package C shall be entered into by both parties in due course.

It is intended that the date of commencement of the works for both Package B and Package C shall be 1 October 2013 or such later date as may be notified by Sarawak Energy Berhad, with completion period of Twenty-Three (23) months and Twenty-Six (26) months for Package B and Package C respectively.Both Package B and Package C are expected to contribute positively to the earnings and net assets of Sarawak Cable Group for the financial years ending 31 December 2014 and 31 December 2015.

The Board is of the opinion that the above award of Package B and Package C is in the best interest of Sarawak Cable and its group of companies.

This announcement is dated 30 August 2013.

Source: Sarawak Cable Berhad

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