The Board of Directors of Pintar Projek Sdn Bhd, as the Manager for YTL REIT, wishes to announce that Maybank Trustees Berhad, as the Trustee for YTL REIT ("Trustee"), has today entered into a conditional sale and purchase agreement with Hotel 25 Sdn Bhd (“Vendor”), an indirect wholly-owned subsidiary of YTL Corporation Berhad, for the acquisition of the Property for a total cash consideration of RM138,000,000 (“Proposed Acquisition”).

The Trustee, upon completion of the Proposed Acquisition, will lease the Property to the Vendor under a lease agreement for a lease period of fifteen (15) years with an option granted to the Vendor to renew for a further term of fifteen (15) years (“Proposed Lease”).

(The Proposed Acquisition and Proposed Lease are collectively referred to as the “Proposals”.)

Please refer to the attachment for details on the Proposals.

This announcement is dated 6 September 2023.