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| MEMORANDA OF UNDERSTANDING |
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We refer to the Company’s announcements dated 11 February 2008, 16 May 2008, 7 August 2008, 7 November 2008, 6 February 2009 and 7 May 2009 respectively pertaining to several Memoranda of Understanding ("MoU") with relevant parties including the negotiation on power purchase with Sarawak Energy Berhad and the supply of aluminium technology services with Alcan Pechiney and an MOU with Pusat Pembangunan Kemahiran Sarawak ("PPKS") to develop partnership to provide training and employment opportunities to Malaysian nationals at the proposed aluminium smelter plant in Similajau, Sarawak. Cahya Mata Sarawak Berhad wishes to announce as follows: 1. On the MOU for the purchase of power, negotiations with Sarawak Energy Berhad for the Power Purchase Agreement are on-going and are expected to be completed in coming months. 2. On the MOU for the supply of aluminium technology by Alcan Pechiney, a definitive licensing agreement is still being negotiated; and 3. On the MOU with PPKS, discussions between the parties on the training programmes are still on-going. This announcement is dated 7 August 2009. |
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