The contract is awarded to a new joint venture company between OKP Holdings Limited and integrated property developer Soilbuild Group Holdings Ltd.

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1 No. 6 Tagore Drive #B1-06 Tagore Building Singapore Tel: (65) Fax: (65) OKP Holdings Limited announces S$83.5 million contract from a related company of China Sonangol for construction of luxury Angullia Park condominium in Orchard Road The contract is awarded to a new joint venture company between OKP Holdings Limited and integrated property developer Soilbuild Group Holdings Ltd. Singapore, 9 December 2010 MAINBOARD-LISTED infrastructure and civil engineering company OKP Holdings Limited ( 胡金标控股有限公司 ) ( OKP ) today announced that one of its subsidiaries has been awarded a contract for the construction of a luxury condominium at Angullia Park (the Contract ). The move comes more than a year after OKP teamed up with strategic partner China Sonangol International (S) Pte Ltd ( China Sonangol ), through a share placement exercise that made the latter a substantial shareholder of OKP. Angullia Development Pte. Ltd., a wholly-owned subsidiary of China Sonangol Land Pte Ltd ("CS Land"), is the owner of the development site at Angullia Park, 1

2 which formerly housed The Parisian condominium. China Sonangol and CS Land are related companies. The Contract, valued at S$83.5 million, was awarded by Angullia Development Pte. Ltd. to a new company, Forte Builder Pte. Ltd., a joint venture between OKP s wholly-owned subsidiary Or Kim Peow Contractors (Pte) Ltd and Soil-Build (Pte) Ltd, a wholly-owned subsidiary of property developer Soilbuild Group Holdings Ltd. ( 速美集团控股有限公司 ) ( SBGH ). China Sonangol is a subsidiary of China Sonangol International Limited, an overseas conglomerate that specialises in oil, gas, and minerals investment and explorations, crude oil supply and national infrastructure construction projects with headquarters in Hong Kong. OKP is a leading home-grown infrastructure and civil engineering company specialising in the construction of urban and arterial roads, expressways, vehicular bridges, flyovers, airport infrastructure and oil and gas-related infrastructure for petrochemical plants and oil storage terminals. The Company also undertakes maintenance works for roads and roads-related facilities as well as building construction-related works. Scope of work Under the contract, Forte Builder Pte. Ltd. will undertake to construct the condominium housing development at Angullia Park. The project is expected to commence in December 2010 and completion is scheduled for April

3 When completed, the new high-end development will comprise one block of 36- storey residential flat development comprising a total of 54 units complete with sky terraces, two basement carparks, a swimming pool and communal facilities. Illustrious partners OKP s Group Managing Director, Mr Or Toh Wat, was thrilled with the latest contract win. He said: It s a relatively new space that we are venturing into, but we remain confident as we have such illustrious partners global conglomerate China Sonangol International Limited and SBGH, one of Singapore's most established property players. Indeed, we are happy to have the opportunity to extend our reach and capabilities through these strategic partnerships, and these alliances underline our strategy of expanding our business portfolio to grow profitability and enhance long term growth prospects," he said. Commenting on the latest joint venture, Mr Or added: Forte Builder Pte. Ltd. will draw on the competencies of both companies and their management teams, and represent an ideal combination of strong market leadership positions, in-depth operational expertise, extensive experience and technical know-how. This transaction is not expected to have any material impact on the net tangible assets per share or earnings per share of OKP for the financial year ending 31 December

4 OKP announced record net profit of S$12.3 million for nine months ended 30 September 2010 and revenues of S$110.3 million compared to S$10.8 million and S$96.6 million respectively from a year ago. Its order book was S$327.6 million based on firm civil engineering and construction contracts, with some projects stretching up to SBGH is an integrated property developer of residential and business space properties with an established track record of more than 30 years in construction and property development. Apart from focusing on mid-size residential developments targeted at mid and high-end segments, SBGH has also constructed and developed a wide portfolio of properties purpose-built for business use by multinational corporations, large corporations and small and medium enterprises. -- Ends -- 4

5 About OKP Holdings Limited ( OKP Holdings Limited ( 胡金标控股有限公司 ) (OKP) is a leading home-grown infrastructure and civil engineering company, specialising in the construction of airport runways and taxiways, expressways, flyovers, vehicular bridges, urban and arterial roads, airport infrastructure and Oil & Gas related infrastructure for petrochemical plants and oil storage terminals. Established in 1966 by Founder and Chairman, Mr Or Kim Peow, OKP operates in two core business segments, Construction and Maintenance. The Group tenders for both public and private civil engineering and infrastructure construction projects. The Group s clientele includes public sector agencies such as Civil Aviation Authority of Singapore, Housing & Development Board, JTC Corporation, Land Transport Authority, National Parks Board, Public Utilities Board and Urban Redevelopment Authority, as well as private sector companies like Foster Wheeler Asia Pacific Pte Ltd and WorleyParsons Pte Ltd and Far East Organisation. The Group broke into the Oil & Gas industry in 2006 when it secured a project connected to the S$750 million Universal Terminal, a massive petroleum storage facility on Jurong Island, Singapore s oil refining and petrochemical hub. Upon completing the project, it went on to secure numerous other projects, including civil works relating to ExxonMobil s multi-billion dollar petrochemical project, known as the Second Petrochemical Complex. And in August 2010, it made further inroads into the sector with the signing of a S$1.1 million contract for land reclamation works on Jurong Island. In August 2010, OKP made its maiden debut in Forbes Asia s Best Under A Billion List, the magazine s annual ranking of the best 200 firms in the Asia Pacific region, selected from a list of nearly 13,000 publiclylisted top performers with sales under US$1 billion evaluated based factors such as sales and earnings growth, and shareholders return on equity over a three-year period and the past one year. On 17 February 2009, it received a Certificate of Achievement from DP Information Group and its partners comprising Ernst & Young, SPRING Singapore, IE Singapore and The Business Times, marking the Company s entry into the 22nd Singapore 1000 & SME 500 rankings. It had been listed on the Singapore Exchange Dealing and Automated Quotation System (SESDAQ), now renamed CATALIST, on 26 July Its listing was upgraded from the SGX Catalist to the SGX Mainboard with effect from 25 July In August 2009, its wholly-owned subsidiary, Eng Lam Contractors Co (Pte) Ltd ( 永南建筑 ( 私人 ) 有限公司 ), was upgraded to an A2 grade civil engineering contractor under the BCA Contractors Registry System, allowing it to tender for public sector construction projects with contract values of up to S$85 million each. In 2008, another subsidiary, Or Kim Peow Contractors (Pte) Ltd ( 胡金标建筑 ( 私人 ) 有限公司 ) was upgraded to an A1 grade civil engineering contractor, which allows it to tender for public sector construction projects of unlimited value. OKP has won several awards for its annual reports and excellence in Investor Relations, most recently at the Singapore Corporate Awards (SCA) 2010 where it took the Best Annual Report Award (Gold) in the Companies with less than S$300 million in market capitalisation category. At SCA 2009, it bagged two awards Best Investor Relations Award (Gold) and Best Annual Report Award (Silver). OKP was the Silver winner for Best Investor Relations Award at SCA It was also the second runner-up at the 30th Annual Report Awards in 2004 and Best Annual Report Award (Gold) at the Inaugural SCA 2006 for excellent standards of corporate disclosure Issued on behalf of OKP Holdings Limited by Waterbrooks Consultants Pte Ltd Media and Analysts Contact: Waterbrooks Consultants Pte Ltd Ms Judy Kan Tel: (+65) Mobile:(+65) judy.kan@waterbrooks.com.sg Mr Wayne Koo Tel: (+65) Mobile:(+65) wayne.koo@waterbrooks.com.sg 5

OKP Holdings Limited posts net profit of S$3.5 million on revenue of S$33.9 million for the first quarter ended 31 March 2010

No. 6 Tagore Drive #B1-06, Tagore Building Singapore 787623 Tel: (65) 6456 7667 Fax: (65) 6453 7667 OKP Holdings Limited posts net profit of S$3.5 million on revenue of S$33.9 million for the first quarter