1. Introduction

Mesiniaga Berhad (“Company”) is pleased to announce that on 3 July 2025, it signed and accepted the Letter of Award from the Kumpulan Wang Persaraan (Diperbadankan) [KWAP] (“Customer”) for the Provision to Supply, Deliver, Install, Test and Commission New Pension System (NPS) for KWAP.

2. The Contract value

The total value of the Contract is RM148,008,175.20 (Ringgit Malaysia: One Hundred Forty Eight Million Eight Thousand One Hundred Seventy Five and Twenty Sen) inclusive of government SST. The contract value includes an optional support and maintenance package of RM64,507,675.20 (Ringgit Malaysia: Sixty Four Million Five Hundred Seven Thousand Six Hundred Seventy Five and Twenty Sen) covering the 5th to 8th years.

3. Duration of the Contract

The project is set to be completed in July 2028 and the optional support and maintenance package is to be completed by July 2033. There is no automatic renewal clause in the Contract.

4. Risks in relation to the Contract

The risks relate mainly to meeting the service level commitments and deadlines imposed by the Customer. The Company has taken the necessary steps to mitigate the risks.

5. Directors and substantial shareholders’ interest

None of the directors, substantial shareholders or any person connected to the directors or substantial shareholders of the Company has any interest, either directly or indirectly, in the said Contract.

6. Statement of directors

The Board of Directors of the Company is of the opinion that the said Contract is in the ordinary course of business and is in the best interest of the Company.

7. Financial effects

The Contract will not affect the share capital and substantial shareholders’ shareholdings of the Company. However, it is expected to contribute positively to the Group’s earnings and net assets for the financial year ending 31 December 2025 onwards until the completion of the Contract.

This announcement is dated 4 July 2025.