PROPOSED ACQUISITION BY TURIYA PROPERTIES SDN BHD ("TURIYA PROPERTIES"), A WHOLLY-OWNED SUBSIDIARY OF THE COMPANY, OF AN OFFICE BUILDING LOCATED AT JALAN TUN RAZAK, KUALA LUMPUR KNOWN AS WISMA SENTRAL INAI (INCLUDING THE PARCEL OF FREEHOLD LAND THEREON HELD UNDER GERAN 43313, LOT 1262 SEKSYEN 67, BANDAR KUALA LUMPUR, DAERAH KUALA LUMPUR, NEGERI WILAYAH PERSEKUTUAN KUALA LUMPUR) ("PROPERTY") FROM MAYBANK TRUSTEES BERHAD (ACTING SOLELY IN ITS CAPACITY AS TRUSTEE FOR AND ON BEHALF OF SENTRAL REIT) ("VENDOR") FOR A TOTAL CASH CONSIDERATION OF RM135.0 MILLION ("PROPOSED ACQUISITION")

PROPOSED SUBSCRIPTION BY DATO' SRI SHAMIR KUMAR NANDY OF 135,000,000 REDEEMABLE PREFERENCE SHARES IN TURIYA PROPERTIES ("RPS") AT THE SUBSCRIPTION PRICE OF RM1.00 FOR EACH RPS SUBSCRIBED ("PROPOSED SUBSCRIPTION")