Date: 02 March 2011

General Announcement

Submitting Merchant Bank
:
MAYBANK INVESTMENT BANK BERHAD  

Type
:

Announcement
Subject
:
OTHERS

Description
:
AMANAHRAYA REAL ESTATE INVESTMENT TRUST ("ARREIT")

(I) PROPOSED ACQUISITIONS BY CIMB TRUSTEE BERHAD, ON BEHALF OF ARREIT, OF 3 PARCELS OF LEASEHOLD LAND LOCATED IN DISTRICT OF PETALING, SELANGOR DARUL EHSAN TOGETHER WITH THE BUILDINGS ERECTED THEREON; AND

(II) PROPOSED INCREASE IN THE EXISTING APPROVED FUND SIZE OF ARREIT

Announcement Details/Table Section :


(Unless otherwise stated, the definitions used in this announcement shall carry the same meanings as defined in the announcement dated 2 September 2010)

We refer to the announcements dated 2 September 2010, 6 September 2010, 22 September 2010 and 14 February 2011 in relation to the Proposals.

text-align: justify;" class="MsoNormal">As stated in the announcement dated 2 September 2010, the completion of the Proposed Acquisitions are conditional upon the fulfilment of certain conditions precedent by 1 March 2011, which is 6 months from the date of the Conditional SPA or such other extended period as may be mutually agreed between CIMB Trustee Berhad, the trustee for ARREIT ("Trustee"), and Perbadanan Kemajuan Negeri Selangor ("PKNS") ("Approval Period").

On behalf of the Board of Directors of AmanahRaya-REIT Managers Sdn Bhd, Maybank Investment Bank Berhad wishes to announce that the Trustee and PKNS have mutually agreed to extend the Approval Period for the fulfilment of the conditions precedent for a further period of 3 months commencing from 2 March 2011 until 1 June  2011.

This announcement is dated 2 March 2011.



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