SINGAPORE, 14 April 2014 – Singapore-listed CCM Group Limited (“CCM” or the “Company”), which has announced plans to develop property in the United States and Australia, announced today that it had entered into an agreement to form a joint venture with renowned Spanish architecture firm, ART Proyectos Y Arquitectura S.L. (“ART”).

CCM said its wholly owned

property subsidiary, CCM Property Pte Ltd (“CCMP”), will hold 51% stake in a Singapore-incorporated company (the “JVC”), while Valencia-based ART will hold the remaining 49%.

Over the last 50 years, ART has built an acclaimed portfolio of over one million square metres of real estate in Spain, Europe, Africa, the Americas as well as Asia and Australia. It specialises in residential properties, including villas and apartment towers.

On 20 November 2013, SGX Catalist-listed CCM received shareholders’ approval to diversify beyond construction activities to property development overseas.

CCM, a Class-A contractor, announced on 8 April 2014 that it had completed the acquisition of five out of the seven land parcels in a 136-acre development in Texas, via a 60%-owned limited partnership. The partnership has received pre-sale written interest from U.S. developers to buy 285 lots – worth approximately US$28.5 million – of the planned 545 lots.

Last month CCMP’s wholly owned subsidiary, CCM Perth Pty. Ltd., lodged formal offers worth A$2.175 million (S$2.5 million) for four sites located in the award-winning Mandurah Ocean Marina development in Perth, Australia, to be developed into townhouses and luxury apartments for sale to

investors.

Non-Executive Chairman of CCM, Mr. Joseph Liew, said, “As we embark on property development in the United States and Australia, design will be an important component of our strategy to differentiate and to accelerate growth. We are delighted that CCMP can partner ART, which has an outstanding team of architects and a solid design reputation.”

“The synergies will be strong as we have construction experience and several proposed property development projects which will require high-quality architectural design. ART, through the JVC, will contribute its know-how and advise CCMP on all design, quality and building management matters for all future property development projects,” Mr Liew said.

Mr. Arturo Roldán Huber, CEO of ART, said, “We are truly excited by the joint venture which will allow us to introduce the unique architectural design style of ART, which has evolved into a distinct tradition under three generations of architects and won wide acclaim, to Asia and Australia.”

“This partnership will be oriented to generate a differential and value-added style to homes and buildings which can add a dimension of construction efficiency and sustainability,” he added.