With reference to the Company's announcements in relation to the MOU entered into between VLV and PESTECH Sdn. Bhd. JV ("VLV-PESTECH JV"), a joint venture between PESTECH Sdn. Bhd., a wholly-owned subsidiary of the Company, and VLV, and EDL to undertake the feasibility studies on the execution of 115kV transmission line project from Pakse, Lao People's Democratic Republic ("Lao PDR") to Lao-Thai border for power supply connection from the hydro power plants located in Saravanh, a Southern Province of Lao PDR to Thailand ("the Project"), the Board of Directors wishes to inform that VLV-PESTECH JV had submitted a proposal to EDL for the Project on 6 November 2012. The proposal is currently under review and negotiation.
This announcement is dated 12 November 2012.