CSC: INSTALL FOUNDATION PILES FOR WORLD'S LARGEST RENEWABLE BIO-DIESEL PLANT $33M

PRESS RELEASE
CSC TO INSTALL FOUNDATION PILES FOR WORLD’S LARGEST RENEWABLE BIO-DIESEL PLANT

SINGAPORE, March 6, 2008 – Finland’s Neste Oil OYJ is building the world’s largest renewable bio-diesel plant in Tuas and has commissioned one of CSC Holdings Limited’s (“CSC” or “the Group”) wholly owned subsidiaries to construct the foundation for the facility.

When completed the bio-diesel plant is capable of converting renewable feedstock like palm oil into some 800,000 tonnes of bio-diesel annually. The contract for the foundation work is worth approximately S$33 million.

Work at the site will involve the installation of a large number of driven piles and some civil engineering work and is scheduled to commence in early March and be completed by the end of the year.

CSC is delighted and honoured to work with Neste Oil to construct the foundation for this esteemed project and looks forward to securing more of such exciting contracts in the future.

This contract adds to CSC’s list of foundation contracts for projects in the energy related industries and enhances the reputation and track record of the Group.

In addition to this contract win, the Group has also recently secured several other foundation engineering, geotechnical investigation and instrumentation jobs worth approximately S$30 million collectively. These include works at the proposed Woodsville Interchange, the ITE campus at Bukit Batok and public housing development at Sengkang.

With these recently secured contracts amounting to S$63 million, the Group’s order book now stands at approximately S$435 million. Most of the projects are expected to be completed within the next 12 months.