CONSERVATORIES AT GARDENS BY THE BAY

The Directors of Yongnam Holdings Limited (“Yongnam” or the “Group”), a well

structural steel contractor and specialist engineering solutions provider,

are pleased to announce that the Group has been appointed by Woh Hup Private

Limited as their direct sub-contractor to undertake the structural steelworks for the

Cooled Conservatories Complex at the Gardens by the Bay project at a value of

S$58.21 million.

Under the terms of the contract, Yongnam will design, supply and construct

structural steelworks required for the construction of the Cool Dry Conservatory

Building and the Cool Moist Conservatory Building, both of which are key features inestablished

the 54 hectare Gardens at Marina South. Yongnam’s sub

cover the Painting System and Macalloy Bracing System for the structural

steelworks, is scheduled for completion in October 2010.

In Singapore, Yongnam has been actively involved in the construction process of-contract, which will also

Marina Bay Sands™ Integrated Resort and the Marina Coastal Expressway.

Regionally, the Group is engaged in the Dubai Metro project in Dubai and the Delhi

International Airport project in India.

YONGNAM WINS ITS 9TH CONTRACT WORTH S$38.7M FOR THE MARINA BAY

SANDS™ INTEGRATED RESORT

Singapore, August 18, 2009

“Group”), a well

solutions provider, has won its 9

Resort (“MBS IR”). With the addition of the new contract valued at S$38.7 million,– Yongnam Holdings Limited (“Yongnam” or the-established structural steel contractor and specialist engineeringth contract for the Marina Bay Sands™ Integrated

Yongnam has clinched a total of over S$340 million worth of contracts for the iconic

development.

Mr Seow Soon Yong, Chief Executive Officer of Yongnam said: “The MBS IR, one of

the world’s largest investments for a single integrated resort, has given a clear vote

of confidence in our strong track record and quality works by entrusting us with nine

contracts. This is certainly an added boost to our leading position in the industry and

further encouragement for us to seek out more value-accretive business

opportunities both locally as well as regionally.”

Since November 2007, the Group has been winning contracts for the MBS IR.

Currently, the Group is working on contracts for the SkyPark, South Podium, the

Museum, Casino and Theatre Podium, the Corridor Bridges and Canopies at the

North View, South View, Bay Front, Retail Works and the Arch Beam Structure at the

East End of the North View Corridor, as well as the Lion Garden Bridge and a

cooling tower structure. All six contracts are progressing smoothly and expected to

be completed on schedule.

Page 2 of 3

Under the terms of this latest contract, Yongnam will supply and construct structural

steelworks required to support the Roof and Façade of the North Crystal and South

Crystal Pavilions (the “Pavilions”). Both Pavilions are located in the waters of the

Marina Bay Reservoirs, at about 25 metres away from the shorelines of the MBS IR

Event Plaza. In addition, Yongnam will also be responsible for the Double Glazing

System, Aluminium Louver System and Reinforced Concrete Works for all floors

above the first level, as well as the Finishing Works for all levels for both Pavilions.