Unless otherwise stated, the terms used herein shall have the same meaning as defined in Atrium REIT’s circular to unitholders dated 17 May 2019 (“Circular”) in relation to Proposed Acquisition 1.

We refer to our announcement dated 12 February 2019 and the Circular in relation to the Option Agreement to enter into SPA 1 for the proposed acquisition of Property 1 from Lumileds for a cash consideration of RM50.0 million.

In relation thereto, on behalf of the Board, we wish to inform that the Trustee has on 17 October 2019 exercised the Call Option under the Option Agreement following the obtainment of the CCC/CFO for Property 1 by Lumileds. The Trustee shall proceed to enter into SPA 1 with Lumileds pursuant to the exercise of the Call Option. The salient terms and conditions of SPA 1 remain the same as disclosed in the Circular.

This announcement is dated 17 October 2019.