Date: 02 September 2010

General Announcement

Type
:

 Announcement
Subject
:
AMANAHRAYA REAL ESTATE INVESTMENT TRUST ("ARREIT" OR "FUND")
- Proposed disposal by Kumpulan Wang Bersama ("KWB"), a fund under the trusteeship of Amanah Raya Berhad ("ARB") of 69,612,855 units in ARREIT ("Units") to Perbadanan Kemajuan Negeri Selangor ("PKNS")

Contents
:
The Board of Directors of AmanahRaya-REIT Managers Sdn Bhd, the management company of ARREIT, wishes to announce that ARB, acting as the trustee for KWB, notified that it had on 2 September 2010 entered into a conditional share sale agreement with PKNS to dispose of the Units from KWB to PKNS for a total consideration of RM66,132,212.25 or RM0.95 per Unit.

The sale and purchase of the Units shall take effect upon completion of the proposed acquisition by ARREIT, of 3 parcels of leasehold land located in the District of Petaling, Selangor Darul Ehsan together with the buildings erected thereon for a total purchase consideration of RM270,000,000 subject to the terms and conditions of the sale and purchase agreement entered into between CIMB Trustee Berhad, acting as the trustee for ARREIT and PKNS on 2 September 2010.

The Transaction Arranger for the proposed disposal of the Units by KWB to PKNS is Astramina Advisory Sdn Bhd.

This announcement is dated 2 September 2010.


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