Advanced Building Industries Co. — Capital/Financing Update 2012

May 7, 2012

ZAMIL INDUSTRIAL ANNOUNCES THAT ONE OF ITS SUBSIDIARIES AWARDED SAR 60 MILLION PROJECT IN INDONESIA

2240 · 07/05/2012 16:09:47 · Announcement #25735 · View on Saudi Exchange

ZAMIL INDUSTRIAL ANNOUNCES THAT ONE OF ITS SUBSIDIARIES AWARDED SAR 60 MILLION PROJECT IN INDONESIA

Zamil Steel Buildings Vietnam Co., Ltd., the Asian operation of Zamil Steel Company, a sector business of Zamil Industrial Investment Company (Zamil Industrial), has been awarded a SAR 60 Million (USD 16 Million) contract from PT Caterpillar Indonesia, a heavy machinery and equipment manufacturing company located in Cileungsi, Bogor, Indonesia, to fabricate and supply Pre-engineered Steel Buildings for the new Caterpillar Batam facility in Indonesia.

The contract was signed Monday, 7 May 2012, in Batam, Indonesia. The scope of the agreement includes the design, manufacture and supply of Pre-engineered Steel Buildings for the customer. Caterpillar Batam will invest a total of USD 150 million on the facility which is located on Batam Island in Indonesia. The facility will be dedicated to the production of a wide range of mining truck chassis and bodies for shipment to mining customers throughout the Asia Pacific region.

Zamil Steel Vietnam will commence shipments of the pre-engineered buildings in the second quarter of 2012, and end in the third quarter of 2012. The contract's positive impact on the company's consolidated financials will be visible in the financials of 2012 upon completion of all product delivery.

''We are honored to secure this agreement as the supplier of steel building materials for the Caterpillar Batam facility, despite the strong competition. Our companys capability to meet the FM Global standards of this project, along with our capacity for fabrication of materials suitable for heavy-duty crane construction, contributed to the selection process,'' says Nawaf M. Al Zamil, VP of Zamil Steel's Building Products Group. ''As always, we will do everything necessary to guarantee client satisfaction throughout the project from design, fabrication and supply until final erection in terms of product quality and delivery schedules'', he added.

Zamil Steel Vietnam has earned its status as industry leader in Vietnam and the Asia Pacific region by establishing a record of satisfaction among world-class companies operating in the area that require their providers to meet stringent project requirements. This significant project offers the company a new opportunity to demonstrate its experience, capability and expertise while providing the finest in steel building solutions to Caterpillar Inc.

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