Zelan Berhad (“ZB”) would like to announce that PT PLN (Persero) (“PLN”), the national electricity corporation of the Republic of Indonesia, has on 3 February 2012 issued the Statement of Commercial Operation Date (“COD”), declaring that both Unit 1 and Unit 2 of the 2 x 300 - 400MW Coal Fired Steam Power Plant in Rembang, Central Java, Indonesia (“Project”) have achieved the COD on 10 December 2011.

PLN has also declared that the completion and taking over of Unit 1 to be on 1 February 2011, subject to the outstanding punchlists and spare parts. The completion and taking over of Unit 2 will be issued upon the completion of the aforementioned punchlists and spare parts, which is expected to take place within one and a half (1½) months from now.

The design, engineering, procurement, commissioning and construction (EPCC) of the Project have been undertaken by a consortium (“Consortium”) led by Zelan Holdings (M) Sdn. Bhd. (“ZHSB”), a wholly owned subsidiary of ZB. ZB and ZHSB collectively hold 70% participating interests in the Consortium while PT Priamanaya Djan International holds the remaining 30%.

Meanwhile, PLN and the Consortium are in the process of negotiating a global settlement which includes the award of the extension of time for the completion date of the Project. A further announcement will be made to Bursa Malaysia upon the execution of the global settlement agreement.

This announcement is dated 8th February 2012