(Unless otherwise stated, all abbreviations and definitions used herein shall have the same meaning as defined in the Company’s announcement dated 4 September 2023 except where the context otherwise defined herein)

Reference is made to the announcement dated 4 September 2023 pertaining to Acceptance of Letter of Award for Civil & Structural Engineer as Lead Consultant for the preparation, submission and approval for the amendment to the master layout plan (Pelan Induk Perancangan) of Lapangan Terbang Sultan Abdul Aziz Shah and the subsequent infrastructure works and associated works for Malaysia Airports Sdn Bhd – Phase 2 and Phase 3 and the announcement dated 18 November 2021 pertaining to Acceptance of Letter of Award for Civil & Structural Engineer as Lead Consultant for the preparation, submission and approval for the amendment to the master layout plan (Pelan Induk Perancangan) of Lapangan Terbang Sultan Abdul Aziz Shah and the subsequent infrastructure works and associate works for Malaysia Airports Sdn Bhd.

HEB wishes to provide additional details on the Contract awarded by Malaysia Airports Sdn Bhd to HSSI:-

• The Contract is a continuation of the initial appointment dated 18 November 2021 for which HSSI had been awarded through an open tender process;
• The Contract as the Lead Consultant (Civil & Structural Engineer) is for Phase 2 (Detailed Design) and Phase 3 (Project Implementation Support) of Zone 3 (Business Aviation) and Zone 4 (Aerospace) in the ‘Pelan Induk Perancangan Lapangan Terbang Sultan Abdul Aziz Shah’; and  
• The Contract was estimated based on 7.1% of the total cost of works as announced on 4 September 2023. The estimated total cost of works was based on HSSI’s internal engineers’ estimate and will be further refined from time to time as the component details of the proposed development is still being formulated.

This announcement is dated 7 September 2023.