Bursa Announcements

1. INTRODUCTION
   
   The Board of Directors ("the Board") of AmanahRaya-REIT Managers Sdn Bhd, the management company of ARREIT wishes to announce that the Management Fee of ARREIT has been revised from the existing 0.60% to 0.75% per annum of the Net Asset Value of ARREIT with effect from 1 July 2013.
   

2. RATIONALE OF REVISION

The Board are of the opinion that the increase from 0.60% to 0.75% for the Management Fee is reasonable based on the following reasons :-

i. it is within the permissible range of up to a maximum of 1.0% per annum of the Net Asset Value of ARREIT as stipulated in the Trust Deed of ARREIT dated 10 October 2006 (as varied by Supplemental Trust Deed dated 4 January 2007 and the Second Supplement Trust Deed dated 27 August 2009).

ii. ARREIT's Net Asset Value has increased from RM558.568 million in 2010 to RM606.783 million in 2012.

iii. There is no increase in the Management Fee's rate since 2010.

3. FINANCIAL EFFECTS

The revision of Manager’s Fee will not have any effect on the units in circulation of ARREIT and the substantial unitholders unit holdings in ARREIT.

The revision will not have any material effect on the net asset value, earnings per unit and distributable income of ARREIT for the financial year ending 31 December 2013.

4. APPROVAL
   
   The revision is not subject to the approval of the Unitholders pursuant to the provision of the Clause 19.1(a) of the Trust Deed dated 10 October 2006 (as varied by Supplemental Trust Deed dated 4 January 2007 and the Second Supplement Trust Deed dated 27 August 2009) where the revised Management Fee of 0.75% per annum of the Net Asset Value of the ARREIT is less than the approved annual management fee of 1.0% per annum of the Net Asset Value of the ARREIT.

This announcement is dated 28 June 2013.