On behalf of the Board of Directors of Damansara REIT Managers Sdn Berhad, the management company of Al-'Aqar, AmInvestment Bank Berhad wishes to announce that Al-'Aqar is proposing to undertake a private placement of such number of units in Al-'Aqar to raise gross proceeds of up to RM50 million. Please refer to the attached announcement for further details.