Reference is made to Al-`Aqar’s announcement on 27 February 2018 in relation to the Memorandum of Understanding entered between Al-`Aqar, represented by its trustee, AmanahRaya Trustees Berhad (“Trustee” or “Purchaser”) and Johor Land Berhad (“JLand” of “Vendor”) for the proposed acquisition of a new hospital to be known as KPJ Batu Pahat Specialist Hospital together with an approximately 5 acres of land held under H.S.(D) 69760, PTD 63523, Mukim of Simpang Kanan, District of Batu Pahat, State of Johor (“KPJ Batu Pahat Specialist Hospital”) (“Earlier Announcement”).  Unless otherwise stated, defined terms in this announcement shall carry the same meanings as defined in the Earlier Announcement.

On behalf of the Board of Directors (“Board”) of Damansara REIT Managers Sdn Berhad, the management company of Al-`Aqar (“DRMSB” or “Manager”), AmInvestment Bank Berhad  (“AmInvestment  Bank”), wishes to announce that the Trustee had on 26 August 2019 entered into a conditional sales and purchase agreement with JLand, a wholly-owned subsidiary of Johor Corporation (“JCorp”) to acquire KPJ Batu Pahat Specialist Hospital, for a total cash consideration of RM78 million (“Purchase Price”) (“SPA”) upon the terms and conditions of the SPA (“Proposed Acquisition”).