History

International Cement Group Ltd.

International Cement Group Ltd. (the “Company”) is listed on the Mainboard of the Singapore Exchange. The Company’s core business includes the production, sale and distribution of cement. In recent years, the Company has focused on increasing our cement production capacity through investments in construction of cement plants in identified strategic locations and through acquisitions of suitable target companies or assets.

Enhancing Regional Connectivity

through intensive investment in infrastructure

In line with the Belt and Road Initiative aimed at enhancing regional connectivity through intensive investment in infrastructure, the Company saw the opportunity to develop an international cement business in emerging markets in Central Asia, Africa and South-East Asia.

Currently, the Company operates a cement plant in Tajikistan with an annual production capacity of 1.2 million tonnes. It is one of the largest modern cement plant operating in Tajikistan and is well positioned to capture the growth opportunities in the fast-growing construction industry in Tajikistan. The Company is investing in additional facilities in Tajikistan which will be completed in the 1st half of FY2019 and is expected to bring cost savings to our cement business in Tajikistan.

Identified Kazakhstan

as an important strategic location for the development of cement business

Taking into account Kazakhstan’s positive governmental support for the domestic construction materials sector and the anticipated increase in infrastructure investments flowing from the push for development, the Company identified Kazakhstan as an important strategic location for the development of our Cement business. The Company invested in the construction of a cement plant with an annual production capacity of 1.2 million metric tonnes in Almaty, Kazakstan which is expected to be completed in the 2nd half of 2019. The Company is confident that the sustained economic growth in Kazakhstan will fuel an increase in the demand for cement.