PROPOSED ACQUISITION BY PACIFIC TRUSTEES BERHAD ("TRUSTEE"), ACTING SOLELY IN ITS CAPACITY AS THE TRUSTEE FOR AND ON BEHALF OF KIP REIT OF A THREE (3) STOREY SHOPPING MALL TOGETHER WITH A BASEMENT CARPARK KNOWN AS SETAPAK CENTRAL MALL LOCATED AT NO. 67, JALAN TAMAN IBU KOTA, 53300 SETAPAK, KUALA LUMPUR, HELD UNDER STRATA TITLE NO. PAJAKAN NEGERI 46795/M1/B1/1 TOGETHER WITH FORTY-SEVEN (47) ACCESSORY PARCELS NOS. A1, A2, A3, A4, A5, A6, A7, A8, A9, A10, A11, A12, A13, A14, A15, A16, A17, A18, A19, A20, A21, A22, A23, A24, A25, A26, A27, A28, A29, A30, A31, A32, A33, A34, A35, A36, A37, A38, A39, A40, A41, A42, A43, A44, A45, A46, A286, LOT 30119, MUKIM OF SETAPAK, DISTRICT OF KUALA LUMPUR, FEDERAL TERRITORY OF KUALA LUMPUR ("SUBJECT PROPERTY"), FROM FESTIVA MALL SDN BHD, FOR A CASH CONSIDERATION OF RM435 MILLION ("PROPOSED ACQUISITION")

PROPOSED PLACEMENT OF UP TO 220,000,000 NEW UNITS IN KIP REIT ("UNITS") ("PLACEMENT UNITS"), REPRESENTING APPROXIMATELY 22.95% OF THE EXISTING ISSUED UNITS OF KIP REIT, AT AN ISSUE PRICE TO BE DETERMINED LATER ("PROPOSED PLACEMENT")

PROPOSED ALLOTMENT OF UP TO 30,000,000 PLACEMENT UNITS TO DATO' ONG CHOO MENG PURSUANT TO THE PROPOSED PLACEMENT ("PROPOSED ALLOTMENT TO DATO' ONG CHOO MENG")

PROPOSED ALLOTMENT OF UP TO 10,000,000 PLACEMENT UNITS TO DATO' ONG KOOK LIONG PURSUANT TO THE PROPOSED PLACEMENT ("PROPOSED ALLOTMENT TO DATO' ONG KOOK LIONG")