On behalf of the board of directors of Sunway, RHB Investment Bank Berhad wishes to announce that Sunway Destiny Sdn. Bhd., a wholly-owned subsidiary of Sunway City Sdn. Bhd., which is in turn a wholly-owned subsidiary of Sunway, had on 24 December 2018 entered into a conditional sales and purchase agreement with RHB Trustees Berhad, being the trustee of Sunway Real Estate Investment Trust, for its proposed disposal of the Subject Lands and Buildings (as defined in the attachment below) for a total disposal consideration of RM550 million to be entirely satisfied in cash (“Proposed Disposal”).

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

This announcement is dated 24 December 2018.