Bursa Announcements News

Reference is made to the announcements made by Gamuda Berhad [Co. Regn. No. 197601003632 (29579-T)] (“Gamuda” or “Company”) on 14 August 2015, 4 August 2016, 15 March 2017, 5 September 2017, 6 September 2017, 24 September 2018, 10 September 2019, 2 March 2020, 1 July 2020 and 25 March 2021.

The terms used herein shall, unless the context otherwise state, bear the same meaning as those defined in the aforesaid announcements dated 1 July 2020 and 25 March 2021.

The Company has on 25 March 2021 announced the proposed development of Island A (“Project Development of Island A”) through the deployment of private sector capital without any recourse to the Penang State Government (“PSG”) (“Previous Announcement”). As per the Previous Announcement, both PSG and SRS Consortium Sdn Bhd [Co. Regn. No. 201701031438 (1245608-K)] (“PDP” or “SRS”) have agreed that the Project Development of Island A shall be implemented through a project development model via an entity (“Project Developer”) to be incorporated between the nominees of PSG and PDP, respectively.

For details, please refer to the attachment below.

This announcement is dated 6 March 2023.