The Board of Directors of Fajarbaru Builder Group Berhad ("FBG"), wishes to announce that Fajarbaru-Beulah (Melbourne) Pty Ltd ("FBM") a 51% indirect owned subsidiary of FBG, has been nominated by one of FBM’s shareholders, Beulah Land International Pty Ltd (“BLI”) on 7 July 2014, to purchase three (3) pieces of vacant land at Lot 6, 7 and 8 on Plan of Subdivision No. 042014 and being the land more particularly described as Certificate of Title Volume 08204 Folio 293, 08164 Folio 685 and 08179 Folio 168 respectively, Doncaster, Victoria 3108, Australia from an unrelated party, Doncaster Regency Pty Ltd (“DRPL”), pursuant to the Contract of Sale of Real Estate entered between BLI and DRPL for a total cash consideration of AUD$6,900,000.00 (exclusive of 10% Australia GST) or equivalent to RM20,606,850.00 ("Acquisition"). The exchange rate used was based on the rate published by Bank Negara Malaysia on 7 July 2014 at AUD$1 : RM2.9865.

Please refer to the attached file for full details of announcement on the Acquisition.