We refer to the announcements dated 3 December 2015 and 3 March 2016 in relation to the above matter. Unless otherwise stated, the terms used herein shall have the same meaning as defined in the said announcements in relation to the Proposed Acquisition.

MRCB Quill Management Sdn Bhd (formerly known as Quill Capita Management Sdn Bhd) the management company of MQREIT wishes to announce that the parties to the Heads of Agreement, via the Second Extension Letter dated 12 April 2016 have mutually agreed to further extend the Cut-Off date for the execution of the Sale and Purchase Agreement in relation to the Proposed Acquisition to 30 May 2016. The extension of the Cut-Off Date is to facilitate the submission of an application for a certificate of the proposed strata plan (“CPSP Application”) by 348 Sentral to subdivide Menara Shell and other building (Menara Ascott) where both buildings are currently held under a master title of Geran 40094, Lot 348, Section 72, Town and District of Kuala Lumpur, Wilayah Persekutuan KL in accordance to the Strata Titles Act 1985.

In the event that 348 Sentral is unable to submit the CPSP Application by 30 May 2016, the Cut-off Date shall be automatically extended further by 30 business days.

This announcement is dated 12 April 2016.