INTRODUCTION

The Board of Directors of FFB is pleased to announce that its wholly-owned subsidiary, Favelle Favco Cranes (M) Sdn Bhd, Favelle Favco Cranes Pty Ltd, Favelle Favco Cranes Pte Ltd and Favelle Favco Winches Pte Ltd had received the following purchase orders or Letter of Intent (“Contracts”) respectively in the month of July 2011:-

Contracts secured by	Customer	Brief description of the Contracts	Duration of the Contracts
Favelle Favco Cranes (M) Sdn Bhd	Global Tender Barges Pte Ltd	Supply of Offshore Crane	which is expected to be delivered by third quarter of 2011
Favelle Favco Cranes Pty Ltd	Oberoi Constructions Ltd	Supply of Tower Crane	which is expected to be delivered by first quarter of 2012
Favelle Favco Cranes Pte Ltd	Keppel Fels Limited	Supply of Offshore Crane	which is expected to be delivered from second quarter of 2012 to third quarter of 2013
Favelle Favco Winches Pte Ltd	Techoil Company Sdn Bhd	Supply of Winches	which is expected to be delivered by third quarter of 2011

The approximate combined value of the above substantial orders secured amount to RM79.3 million.

FINANCIAL EFFECTS

The above Contracts are expected to contribute positively to the earnings and net assets of FFB for the financial year ending 31 December 2011 and beyond. The Contracts do not have any impact on the share capital and shareholding structure of FFB.

DIRECTORS' AND MAJOR SHAREHOLDERS' INTERESTS

None of the Directors or major shareholders or persons connected to the Directors or major shareholders has any direct or indirect interest in the above Contracts.

DIRECTORS' STATEMENT

The Board of Directors of FFB is of the opinion that the acceptance of the above Contracts are in the best interest of FFB.

This announcement is dated 27 July 2011.