We refer to our announcement dated 15th December 2011 in respect of the formation of a special committee of independent directors by WSP Holdings Limited (“WSP” or “the Company”), a 22.3%-owned associate company in the UMW Group, listed on the New York Stock Exchange (“NYSE”), to consider strategic alternatives which would enhance shareholder value.

UMW wishes to announce that WSP had, on 12th January 2012, announced to the NYSE that the Company is working with its ADS depositary, JPMorgan Chase Bank, N.A., to effectuate a change in the ratio of its ADS to ordinary shares, details of which are contained in the copy of the announcement made to the NYSE on the matter, enclosed herewith as Appendix A.

cc    -   Securities Commission
            (Issues & Investment Division)