Zelan Berhad (“Zelan”) has, on 2 November 2011, received a letter from the Public Private Partnership Unit of the Prime Minister’s Department, stating that the Government has selected Zelan as the successful bidder to implement the development of the Centre for Foundation Studies (Phase 3), International Islamic University Malaysia, Gambang Campus in Pahang by way of Private Finance Initiative (PFI), subject to terms and conditions to be agreed upon and the relevant agreement to be executed between the Government and Zelan.

Zelan has on the same day issued its written confirmation to the Government that it accepts the above offer.

This announcement is dated 2 November 2011.