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Press Release - Award of New Precast Projects

KOON RIDES ON PRECAST DEMAND SECURES NEW PROJECTS WORTH S$53.73 MILLION To supply precast components for the construction of new Housing and Development Board (HDB) flats and a private industrial development project with an aggregate contract value of S$53.73 million Order book of the Precast division currently stands at approximately S$103.40 million Singapore and Australia, 29 September 2011 Koon Holdings Limited, (Koon, 23824255113292926377384802084421496 or the Group), one of Singapores leading infrastructure construction and precast specialists, is pleased to announce that it has secured new precast projects with an aggregate contract value of S$53.73 million. Highlights of the New Precast Projects Secured The HDB and private industrial development projects were secured through the Groups subsidiaries Econ Precast Pte Ltd (Econ) and Contech Precast Pte Ltd (Contech). Under the agreements, Econ and Contech will supply precast components over a contract period of 7 to 18 months. Both Econ and Contech have the highest license (L6) from the Building and Construction Authority of Singapore (BCA) which allows them to bid for precast concrete works in Singapore of unlimited contract value. Commenting on the new precast projects secured, Mr Tan Thiam Hee (384722815521916), Managing Director and Chief Executive Officer of Koon said, Our foray into this fastgrowing niche market is further validated as we increase our precast order book with these sizable precast projects. HDB recently initiated the largest supply of flats ever offered in a single launch with another 4,200 buildtoorder flats to be launched in November 2011. In line with the strong demand for public housing projects, precast products are gaining wider adoption as they simplify onsite construction process, provide better quality control and higher cost efficiencies. With the Singapore governments initiatives to increase productivity in constructionrelated activities, there is also a progressive adoption of precast products in private sector projects. Riding on the precast demand, our established precast subsidiaries are in a very strong position to meet the increased demand with our comprehensive range of precast products and manufacturing capabilities in our three manufacturing yards. These contracts are not expected to materially affect the Groups performance for the financial year ending 31 December 2011. Precast Order Book Update With the inclusion of these contracts, to date, Koons Precast order book (excluding the Construction division) stands at approximately S$103.40 million. Notably, in April 2011, the Group secured a S$16.3 million contract to design and supply precast components for public housing projects.

Since its foray into the precast market in March 2010, the Group has progressively secured new projects under its precast division. Mr Tan concluded, Our diversified business model will continue to set the pace for future growth while at the same time, we remain focused on creating synergies between our complementary business units especially between our Infrastructure Construction and Precast divisions. END This document is to be read in conjunction with Koons exchange filings on 29 September 2011, which can be downloaded via www.sgx.com and www.asx.com.au. Issued on behalf of Koon Holdings Limited by ShareInvestor Pte Ltd Media Investor Contact ShareInvestor Pte Ltd Koon Holdings Limited Mr Alex Tan Mr Ben Teo Direct Line 65 6517 8771 Mobile 65 9451 5252 Chief Financial Officer Tel 65 6261 5788 Fax 65 6266 0117 Email alex.tanshareinvestor.com Email irkoon.com.sg Website www.koon.com.sg.