Date: 18 December 2007 General Announcement Submitting Merchant Bank : ASEAMBANKERS MALAYSIA BERHAD Type : Announcement Subject : AMANAHRAYA REAL ESTATE INVESTMENT TRUST ("AMANAHRAYA REIT") · PROPOSED PLACEMENT; AND · PROPOSED ACQUISITIONS REFERRED TO HEREINAFTER AS THE "PROPOSALS" Contents : (Unless stated otherwise, definitions used in this announcement shall carry the same meaning as defined in the announcement dated 8 June 2007). We refer to the announcement made on 26 October 2007 in relation to the Proposals. On behalf of the Board of Directors of AmanahRaya-JMF Asset Management Sdn Bhd ("ARJMF"), the management company of AmanahRaya REIT, Aseambankers Malaysia Berhad is pleased to announce that the Board of Directors of ARJMF had on 18 December 2007 resolved to fix the issue price of the new units to be issued pursuant to the Proposed Placement at RM0.94 per unit. Pursuant thereto, the number of new units to be issued pursuant to the Proposed Placement will be 98,936,170 units. The issue price of the aforesaid units is arrived at based on the five (5) days volume weighted average market price up to 17 December 2007 of RM0.94 per unit. This announcement is dated 18 December 2007. Back