We wish to inform that Sunway Lagoon Sdn Bhd (“SLSB”), a subsidiary of Sunway, had on 10 October 2017, entered into a Share Sale Agreement (“SSA”) with Kuwait Finance House (Malaysia) Sdn Bhd (“KFH”) where SLSB agrees to acquire 50,000 ordinary shares held by KFH in Sunway South Quay Sdn Bhd (“SSQ”), representing 20% of the share capital of SSQ, at a purchase consideration of RM136,649,000 and repay on behalf of SSQ, a sum of RM73,351,000 in cash towards the settlement of the Musyarakah Capital invested by KFH in SSQ ("Proposed Acquisition").

Please refer to the attachment below for further details of the Proposed Acquisition.

This announcement is dated 10 October 2017.