We refer to the announcements dated 3 October 2014, 13 February 2015, 13 May 2015, 23 June 2015, 9 July 2015, 1 October 2015, 20 October 2015, 2 December 2015 and 23 November 2018 in relation to the Proposed Acquisition (“Announcements”) and the Circular to shareholders of the Company dated 24 June 2015 (“Circular”).

Unless otherwise stated, the definitions used throughout this announcement shall have the same meaning as defined in the Announcements and the Circular.

The Board of Directors of KPJ wishes to announce that the settlement of the KPJUC Balance Disposal Consideration was completed on 29 November 2018 following the payment of the RM29.9 million KPJUC Deferred Cash Consideration and allotment of 7,758,620 Al-`Aqar Units to KPJUC.

For information, 7,758,620 Al-`Aqar Units, being the KPJUC Deferred Consideration Units, will be listed and quoted on the Main Market of Bursa Malaysia Securities Berhad with effect from 9.00 a.m. on Friday, 30 November 2018.

This announcement is dated 29 November 2018.