AHMAD ZAKI RESOURCES BERHAD

PROPOSED DEVELOPMENT OF INTERNATIONAL ISLAMIC UNIVERSITY MALAYSIA TEACHING HOSPITAL IN KUANTAN, PAHANG THROUGH PRIVATE FINANCE INITIATIVE

Ahmad Zaki Resources Berhad ("AZRB" or "the Company") had, on 29 September 2010, received a letter from the Public Private Partnership Unit ("3PU") of the Prime Minister's Department, which informed AZRB of the Government of Malaysia's ("the Government") decision to award the proposed development of the International Islamic University Malaysia Teaching Hospital Project in Kuantan, Pahang ("the Project") to AZRB subject to further negotiations on the Concession Agreement ("CA") to be entered into with the Government.The Project details, including its value and concession period, will be disclosed and announced upon the formal finalisation of the CA.