Reference is made to the announcement released on 28 October 2015 in relation to the tax treatment on industrial building allowance claims for hotel properties (“First Announcement”). Unless otherwise defined, the definitions set out in the First Announcement shall apply herein.

The Board of Directors of Sunway REIT Management Sdn Bhd, the manager for Sunway REIT (“the Manager”), is pleased to announce that the Manager has on 12 April 2016 received a letter from Inland Revenue Board of Malaysia confirming that a sum amounting to RM2.17 million will be refunded to the unitholders of the 11 Affected Distributions. The sum of RM2.17 million will be refunded to the unitholders based on their total unitholdings on the entitlement date for the 11 Affected Distributions and the corresponding amount of refund per unit is as tabulated in the table as attached below.

Please refer to the attachment below for the details of the distribution of income before and after revision of the 11 Affected Distributions.

SUNREIT through its authorized banker, will issue and send out the revised tax vouchers restating the higher non-taxable income distribution and lower taxable income distribution as well as a cheque for the refund amount to all unitholders (other than resident corporate unitholders) of the said 11 Affected Distributions by 30 April 2016.

In relation to the resident corporate unitholders who are required to report the distributions in their normal corporate tax return and subject to the prevailing corporate tax rate, will be issued with revised tax vouchers for the 11 Affected Distributions. They may need to consult their own tax advisers to reassess their own tax position and to consider revising their tax returns to IRB.

This announcement is dated 13 April 2016.