PROPOSED DISPOSAL BY THE NEW STRAITS TIMES PROPERTIES SDN. BHD. (“NST PROPERTIES” OR THE “VENDOR”), A WHOLLY-OWNED SUBSIDIARY OF THE NEW STRAITS TIMES PRESS (MALAYSIA) BERHAD, WHICH IN TURN IS A 98.17% DIRECTLY OWNED SUBSIDIARY OF MPB OF A PIECE OF LEASEHOLD INDUSTRIAL LAND HELD UNDER H.S.(D) 116410, PT 237, BANDAR SULTAN SULAIMAN, DAERAH KLANG, NEGERI SELANGOR MEASURING APPROXIMATELY 23,370 SQUARE METRES (“SUBJECT LAND”) TO ALAM FLORA ENVIRONMENTAL SOLUTIONS SDN. BHD. (“AFES” OR THE “PURCHASER”), FOR A TOTAL DISPOSAL CONSIDERATION OF RM25,000,000.00 TO BE SATISFIED VIA CASH (“PROPOSED DISPOSAL”).

Unless otherwise defined, all terms and abbreviations used in this announcement shall have the same meanings as defined in the announcement dated 15 July 2021 in relation to the Proposed Disposal.

Media Prima Berhad is pleased to announce that the Proposed Disposal has been completed today in accordance with the terms of the SPA.

The announcement is dated 31 March 2023.