On behalf of the board of directors of Sunway, RHB Investment Bank Berhad wishes to announce that the following agreements have been entered into on 3 August 2017:

1. A conditional sale and purchase agreement entered into between Sunway Forum Hotel Sdn. Bhd. (a wholly-owned subsidiary of Sunway) ("Vendor") and RHB Trustees Berhad (as the trustee of Sunway Real Estate Investment Trust (“Sunway REIT”)) (“Trustee”), for the proposed disposal by the Vendor to the Trustee of the Sunway Clio Property (as defined in the attachment below), for a cash consideration of RM340 million (“SPA”);
2. A conditional hotel lease agreement entered into between Sunway Resort Hotel Sdn. Bhd. (a wholly-owned subsidiary of Sunway) ("Lessee"), the Trustee ("Lessor") and Sunway REIT Management Sdn. Bhd. (as the manager of Sunway REIT), for the lease of the Hotel Property (as defined in the attachment below) for an initial term of 10 years commencing from the day immediately after the completion of the SPA (“Completion Date”) with an option to renew for a further term of 10 years; and
3. A conditional car park tenancy agreement entered into between Sunway Leisure Sdn. Bhd. (a wholly-owned subsidiary of Sunway) ("Tenant") and the Trustee ("Landlord"), for the tenancy of the Multi-storey Car Park (as defined in the attachment below) for a period of 3 years commencing from the day immediately after the Completion Date with an option to renew for a further term of 3 years.

Please refer to the attachment below for further details of the Proposals.

This announcement is dated 3 August 2017.