The Board of Directors of TSR Capital Berhad (“TSR” or “the Company”) is pleased to announce that TSR Bina Sdn Bhd, a wholly owned subsidiary of the Company, has on 7th March 2016, accepted the Letter of Award from Kwasa Land Sdn Bhd for the proposed construction and completion of common infrastructure works at Kwasa Damansara Township Development in Sungai Buloh, Selangor – work package contract: WPC1B and WPC1C for a contract sum of RM268.9 million (“the Project”).

The Project is for a duration of 104 weeks and is expected to be completed by 12 March 2018.

Barring any unforeseen circumstances, the Board of Directors of TSR is of the opinion that the Project will contribute positively to the earnings of the Group for the financial years ending 2016 through 2018.

This announcement is dated 7th March 2016.