This announcement is dated 2 September 2022.

On behalf of the Board of Directors of KPJ (“Board”), AmInvestment Bank Berhad (“AmInvestment Bank”), wishes to announce that KPJ, through its wholly owned subsidiaries had  entered into respective conditional sale and purchase agreements (“SPAs”) with AmanahRaya Trustees Berhad (“ART”), being the trustee of Al-`Aqar Healthcare REIT (“Al-`Aqar”) (“Trustee” or “Purchaser”), for the sale of 3 properties to Al-`Aqar for a total consideration of RM192.0 million (“Sale Consideration”) (“Proposed Sale”).

As a condition to the Proposed Sale, each subsidiary will enter into a lease agreement with the Trustee (acting on behalf of Al-`Aqar), and Damansara REIT Managers Sdn Berhad, being the manager of Al-`Aqar (“DRMSB” or “Manager”)), for the lease of the properties back to the respective subsidiaries (“Lease Agreements”) upon the terms and conditions agreed between the aforesaid parties (“Proposed Leaseback”). 

The Proposed Sale and Proposed Leaseback are inter-conditional and are collectively referred to as “Proposed Sale and Leaseback”.

Please refer to the attachment for further details on the Proposed Sale and Leaseback.