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Keretapi Tanah Melayu Berhad Enters Into a Shareholders Agreement with Mmc Corporation Berhad

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Keretapi Tanah Melayu Berhad Enters Into a Shareholders Agreement with Mmc Corporation Berhad FOR IMMEDIATE RELEASE KERETAPI TANAH MELAYU BERHAD ENTERS INTO A SHAREHOLDERS AGREEMENT WITH MMC CORPORATION BERHAD KUALA LUMPUR, 1 December 2015 – Keretapi Tanah Melayu Berhad (“KTMB”) today has entered into a Shareholders Agreement with MMC Corporation Berhad (“MMC”) to form a joint venture company (“JVC”) which will be known as KTMB MMC Cargo Sdn Bhd. KTMB will hold 51% equity interest in KTMB MMC Cargo Sdn Bhd and the remaining 49% equity interest will be held by MMC Corp. KTMB and MMC will subsequently undertake the business of rail freight transport and related businesses in the rail cargo sector. Lt. Kol. (B) Hj. Sarbini Tijan, the President of KTMB said that “The formation of KTMB MMC Cargo Sdn Bhd will provide the necessary synergy impetus to the JVC as both, KTMB and MMC, will be able to leverage on each other’s strength to increase market share in the logistic sector. The JVC also will have access to KTMB’s rail network connecting to major seaports in Peninsula Malaysia such as Port Klang and Penang Port and other seaports owned and operated by MMC Group. KTMB MMC Cargo Sdn Bhd will also be able to utilise on the technical and operational knowledge and know-how from KTMB and MMC”. Dato Sri Che Khalib Mohamed Noh, the Group Managing Director of MMC said that “The incorporation of KTMB MMC Cargo Sdn Bhd is very timely as it will increase the frequency of the rail inter-terminal transfer (“Rail ITT”) between ports owned by MMC. It 1 is expected that KTMB MMC Cargo Sdn Bhd will provide an efficient and reliable Rail ITT services where the said services will be synchronised with the arrival and departures of vessels at the relevant ports”. MMC currently has a presence in the transportation segment under its Port and Logistics division through ownership or stakes holding in its subsidiaries, i.e., Port of Tanjung Pelepas, Johor Port, Northport and Senai Airport Terminal Services. KTMB MMC Cargo Sdn Bhd presence in rail cargo sector will complement the transportation chain under the Port and Logistics division. - ENDS – 2 About Keretapi Tanah Melayu Berhad The principal activities of Keretapi Tanah Melayu Berhad (KTMB) are railway transportation operations and the provision of related railway services in Peninsular Malaysia and Singapore. KTMB operates these activities pursuant to a license issued by the Ministry of Transport. An established player in the Nation’s land transportation sector, KTMB continues to focus on providing safe, efficient and reliable rail services for passengers and goods. Enquiries Please log on to www.ktmb.com.my or call: Ridhwan Arshad Head of Corporate Communications Keretapi Tanah Melayu Berhad Tel: 018 388 8876/ 019 337 7656 / +603 2263 1111 Fax: +603 2263 1272 About MMC Corporation Berhad MMC Corporation Berhad (MMC Corporation) has evolved over the years to be Malaysia’s leading utilities and infrastructure group with diversified businesses under ports & logistics, energy & utilities and engineering & construction and others. As an active player with a diversified portfolio of businesses in utilities and infrastructure, MMC Corporation has and will continue to make significant contributions to the development of human and intellectual capital as well as to the environment and the local community. Enquiries Please log on to www.mmc.com.my or call: Azlina Ashar Head of Corporate Communications MMC Corporation Berhad Tel: 019 6688 8990 / +603 2071 1124 Fax: +603 2026 2431 3 .
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