Kuala Lumpur, 25 January 2013: Faber Medi-Serve Sdn Bhd ("FMS"), a wholly owned subsidiary of Faber Group Berhad ("Faber") announced that it has today received three (3) letters all dated 23rd January 2013 from the Public Private Partnership Unit of the Prime Minister's Department Pertaining to the new concession agreements on the Privatisation of the Hospital Support Services (HSS) of the Ministry of Health Malaysia (MOH).

The Government of Malaysia in principle has agreed to the followings:

i) For Northern Region of Peninsular Malaysia

FMS to implement the new concession for the Northern Region of Peninsular Malaysia (Perak, Pulau Pinang, Kedah and Perlis) for a period of then (10) years with the new service fee at an increase of 5.8% from the 2011 Peninsular Malaysia service fee and a further RM16.572 million per annum for the sustainability Programme, subject to the terms and conditions of the Privatisation of the HSS to be negotiated between the Government and FMS;

ii) For Sabah Zone

The new concession for the Sabah Zone is to be implemented by a new Consortium Company of which FMS will hold 40% equity interest and another 60% equity interest will be held by ICare Consortium Sdn Bhd. The new concession will be for a period of ten (10) years with the new service fee (including the Sustainability Programme) at an increase of 7.8% from the 2011 Sabah service fee, subject to the terms and conditions of the Privatisation of the HSS to be negotiated between the Government and the Condortium Company.

iii) For Sarawak Zone

The new concession for the Sarawak Zone is to be implemented by a new Consortium Company, of which FMS will hold 40% equity interest and another 60% equity interest will be held by another consortium company through Metrocare Services Sdn Bhd and the joint venture between Simfoni Dua Sdn Bhd and Perbadanan Pembangunan Ekonomi Sarawak.. The new concession will be for a period of ten (10) years with the new service fee (including the Sustainability Programme) at an increase of 8.1% from the 2011 Sarawak service fee, subject to the terms and conditions of the Privatisation of the HSS to be negotiated between the Government and the Consortium Company.

Faber's Managing Director, Adnan Mohammad said: "We are confident that we will be able to agree on the new terms and conditions for the implementation of the new concession of Peninsular Malaysia. We will also work closely with the Consortium companies in Sabah and Sarawak respectively for the implementation od the new concessions in these states".

"We Thank the Government for the opportunity and their confidence in our services, and we will aspire to continue improving the standards of the Integrated Facilities Management Services particularly the Hospital Support Services", he concluded.