The Company wishes to announce that its wholly-owned subsidiary, UEM Land Berhad (“UEM Land” or "Vendor”) and its indirect wholly-owned subsidiary, Nusajaya Heights Sdn Bhd (“NHSB” or “Proprietor”) have today entered into two separate HOAs. The first HOA (“HOA 1”) was entered into with Pentagon Land Sdn Bhd (“Pentagon”) and Greenhill SILC Sdn Bhd (“Greenhill”) (collectively defined as “Purchaser”), while the second HOA (“HOA 2”) was entered into with Pentagon (HOA 1 and HOA 2 are collectively defined as “Signed HOA”). Both Pentagon and Greenhill are subsidiaries of AME Elite Consortium Berhad (“AME”).

The Signed HOA is in relation to the disposal of seventy-two (72) freehold industrial plots in SiLC phase 3 measuring a total acreage of approximately 169.8 acres (“Industrial Plots”) to the Purchaser for a total purchase consideration of RM434.3 million (“Proposed Disposal”).

Please refer to the attachment for the details of the announcement.

This announcement is dated 9 October 2020.