MRCB is currently tendering for RM2bil worth of projects including bidding for the Pudu Jail site
development.

A local business weekly has reported that Uda Holdings had shortlisted 10 companies including three
from overseas for the redevelopment of the former Pudu Jail site. The project's gross development value is
estimated at RM5bil.

MRCB's contracts include building projects and packages of the light rail transit extension for the greater
Klang Valley project and Penang Sentral. They have submitted their plans for hte latter to the state
government.

MRCB's current outstanding order book is RM1.6bil which will last the group over two to three years.

MRCB's projects in KL Sentral alone was worth RM4.2bil and it would be launching more projects next
month and in the fourth quarter.

For the year ending December 2011, MRCB aims to grow its pre-tax profit by 54.6% to RM150mil and
revenue to hit RM1.3bil.

For FY10, MRCB posted a pre-tax profit of RM97mil and revenue of RM1.06bil. Its net profit for the period stood at RM67.3mil.

“Our growth is mainly driven by the property and construction segment as well as our existing projects,”
said its CEO Razeek.

MRCB and Ekovest have recently formed a joint-venture company, KL Bund Sdn Bhd, in relation to the
River of Life project to rehabilitate the Klang and Gombak rivers.

Both companies received letters of intent for the river rehabilitation job from KL City Hall on Feb 22. The
value of the contract has not been revealed.

Razeek said it was still negotiating with the Government on the value.

At the AGM yesterday, The Chairman Azlan spoke on the Sungai Buloh land mixed development project which they intend to participate.

Currently, the land still belong to RRI. Of the 2,600 acres, RRI intends to keep 600 acres for its use. KTB
has also agreed to keep only 200 acres leaving 1,600 acres for use. The project which will be developed
in tendered out parcels will be open for bidding from potential developers. MRCB hopes to become the
project manager as well as bid for a few pieces for development.

To a question from the floor during the AGM, Chairman Azlan said priority for purchasing the houses to
be built by MRCB may be alloted to MRCB shareholders at current market prices.

MRCB's share prices should move up steadily over the medium term as more fund managers invest more into this semi-blue counter.