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HK$116 Million Project to Provide
Temporary Infrastructure at Competition Venues

(Hong Kong, 27 June 2013) - Pico Far East Holdings Limited ("Pico" or "The Group", HKEx: 0752), a global Total Brand Activation company, announced today the Group has won a contract from the Organizing Committee of the XXII Olympic Winter Games and XI Paralympic Winter Games 2014 in City of Sochi, Russia to provide temporary infrastructure at the Olympic competition venues. The value of the contract is approximately HK$116 million.

The newly-built 2014 Olympic site comprises 11 venues and is divided into two clusters: ‘Coastal’ and ‘Mountain’. Pico will provide a wide range of temporary infrastructure − including awnings, tents and fencing − as well as taking on a project management role, overseeing all work related to overlays installation at the Coastal Cluster.

Previously, the Group completed a contract which provided temporary venue overlays at games venues in the Coastal Cluster for the Olympic test events held in Sochi in the winter of late 2012 and early 2013.

Mr. Lawrence Chia, Chairman of the Group, said, “We are delighted to have been once again chosen as a service provider by the organising committee for this major international event. Having been engaged in Olympics projects since the Sydney Olympics of 2000, Pico’s capable and sophisticated team has become a trusted partner for a series of world-class events across the globe.”