The Company’s announcements dated 9 October 2020, 6 November 2020 and 7 December 2020 in relation to the Proposed Sale, refer. Unless otherwise stated, the definitions used herein shall have the same meanings as set out in the announcements.

The Company wishes to announce that its wholly-owned subsidiaries, UEM Land Berhad (“UEM Land”) and Nusajaya Heights Sdn Bhd (“NHSB”), have today entered into 2 sets of Sale and Purchase Agreements (“SPA”), Limited Power of Attorneys (“PA”), Deed of Mutual Covenants and Deed of Revocation (“DOR”) with the subsidiaries of AME Elite Consortium Berhad ("AME") i.e. Pentagon Land Sdn Bhd (“Pentagon”) and Greenhill SILC Sdn Bhd (“Greenhill”) (collectively defined as “Purchasers”) and further entered into a Management Agreement with Infinity Park Management Sdn Bhd (all agreements are collectively defined as the “Definitive Agreements”) for the sale of 72 freehold vacant industrial plots in SiLC phase 3 measuring a total acreage of approximately 169.8 acres (“Industrial Plots”) to the Purchasers for a total consideration of RM434.3 million (“Proposed Sale”).

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

This announcement is dated 30 December 2020.