MIDAS Holdings (01021.HK)announced today that its Aluminium Alloy Division, Jilin Midas Aluminium Industries Co., Ltd, has been awarded 3 new contracts from international and PRC customers.

The first contract, worth approximately EUR7.2 million (RMB59.4 million), is awarded by Bombardier Transportation Brasil Ltda. Under the terms of the contract, Midas will supply aluminium alloy extrusion profiles, including fabricated parts, for 371 train cars, for the São Paulo Expresso Tiradentes project in Brazil. Delivery for this project is expected to take place progressively from 2012 to 2015. The contract is not expected to have any impact on the Midas group's financials for the financial year ending 31 December 2011.

The second contract, worth RMB44.8 million, is awarded by the Midas group's JV company Nanjing SR Puzhen Rail Transport Co., Ltd. Under the terms of the contract, Midas will supply aluminium alloy extrusion profiles for 24 train sets, or 144 train cars for the Shanghai Metro Line 13. The third contract, worth RMB38 million, is awarded by CSR Zhuzhou Electric Locomotive Co., Ltd. Under the terms of the contract, Midas will supply aluminium alloy extrusion profiles for 25 train sets, or 150 train cars for the Zhengzhou Metro Line 1.

These 2 PRC metro contracts are expected to be completed by 2012 and are expected to contribute positively to the Midas group's financials in financial years ending 31 December 2011 and 2012.