The Board of Directors of O&C Resources Berhad (“OCR”) wishes to announce that its 70% equity subsidiary, Kita Mampan Sdn. Bhd. through its associate company, AES Builders Sdn. Bhd., has on 29 July 2016 entered into a Master En-Bloc Purchase Agreement with PR1MA and Mampan ESA (Melaka) Sdn. Bhd. (Company No. 1063513-P) of No. 31 Jalan Setiakasih, Damansara Heights, 50490 Kuala Lumpur Wilayah Persekutuan, to build and develop “PR1MA @ Sri Gading” at Alor Gajah, Melaka, comprising of 554 residential units with 5 apartment blocks of 11 storey each and 1 apartment block of 12 storey at a total contract value of approximately RM101,077,300. The duration for the said Contract is over a period of 3 years.

None of the Directors or major shareholders or persons connected with them has any interest, direct or indirect on the abovementioned project. The Board is of the opinion that the abovementioned project is the best interest of OCR and its Group.

The above project is expected to contribute positively to the earnings and net assets of the OCR Group for the financial year ending 31 July 2017.

 This announcement is dated 2 August 2016.