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OTHERSNEW CONTRACTS AWARDED

WILLOWGLEN MSC BERHAD

Type	Announcement
Subject	OTHERS
Description	NEW CONTRACTS AWARDED
On behalf of the Board of Directors of Willowglen MSC Berhad (“the Company”), we are pleased to announce that the Company’s wholly-owned subsidiary, Willowglen Services Pte Ltd has been awarded the following contracts on 18 March 2013: 1)  Contracts valued equivalent to about RM8,570,000 for the Supply & Installation of Lift Surveillance System (LSS) to 1,148 Numbers of Existing Lifts. The commencement date of the contracts is on 1 April 2013 and will be completed by 30 November 2013.  The contracts are expected to contribute to the Group’s earnings and net assets per share for the financial year ending 31 December 2013. 2)  A contract valued equivalent to about RM6,720,000 for the Replacement of Remote Terminal Units (RTU) at 6.6KV Substations. The commencement date of the contract is on 1 April 2013 and will be completed by 31 March 2017.  The contract is expected to contribute to the Group’s earnings and net assets per share for the financial years ending 31 December 2013 to 2016. The contracts are not renewable and the risks in respect of the contracts are the normal business risks. None of the directors and / or major shareholders of the Company or persons connected to the said directors and / or major shareholders have any interest, direct or indirect in the new contracts awarded. This announcement is dated 20 March 2013.