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UEM Sunrise & Kuala Lumpur Kepong Inks Agreements For Proposed Joint Developments In Gerbang Nusajaya & Fraser Metropolis At Iskandar Malaysia, Johor

KUALA LUMPUR, 7 February 2014 – UEM Sunrise Berhad (“UEM Sunrise”), formerly known as UEM Land Holdings Berhad through its wholly-owned subsidiary UEM Land Berhad (“UEM Land”), and Kuala Lumpur Kepong Berhad (“KLK”) through its wholly-owned subsidiary KLK Land Sdn Bhd (“KLK Land”), formerly known as KL-Kepong Property Holdings Sdn Bhd, have entered into agreements to jointly develop several plots of land in Iskandar Malaysia, Johor, specifically in Gerbang Nusajaya and Fraser Metropolis, Kulai.

The land in Gerbang Nusajaya will be developed by Scope Energy Sdn Bhd, which will be 60:40 owned by KLK Land and UEM Land respectively, whilst the land in Fraser Metropolis will be developed by Aura Muhibah Sdn Bhd which will be 60:40 owned by UEM Land and KLK Land respectively. Both land parcels with a current total value of RM1.74 billion are expected to generate a gross development value (“GDV”) of RM20 billion.

Gerbang Nusajaya

Gerbang Nusajaya, located within Nusajaya is the gateway to Iskandar Malaysia and it is strategically located next to the Linkedua Expressway. The planned residential and commercial developments in Gerbang Nusajaya with an estimated GDV of RM5 billion will be built over a period of eight years on freehold land plots measuring an aggregate of approximately 500 acres. These planned developments will benefit directly from the fast growing economic activities in Nusajaya.

Gerbang Nusajaya is set to become an entertainment hub for motorsports enthusiasts through the upcoming integrated multi-purpose FASTrack Iskandar by FASTrack Autosports Pte Ltd. Gerbang Nusajaya is also home to a 519-acre integrated tech park, jointly developed by Ascendas Land International Pte Ltd and UEM Sunrise.

Fraser Metropolis at Iskandar North

Fraser Metropolis at Iskandar North is part of KLK’s Fraser Estate in Kulai located at the northern tip of Iskandar Malaysia and is 30 minutes away from Johor Bahru town. It will potentially be the next residential, commercial and industrial node within the Iskandar Malaysia region. The land, with freehold status is directly accessible by multiple highways, railways, and is conveniently accessible from Senai International Airport. It is also located within close proximity to the Ports of Tanjung Pelepas and Pasir Gudang.

The development of Fraser Metropolis, measuring approximately 2,500 acres, will consist of residential, industrial and commercial components and will be built over a period of 15 years. With an estimated GDV of RM15 billion, Fraser Metropolis at Iskandar North is set to be the next modern city within Iskandar Malaysia with a series of Enterprise Zones integrated with manufacturing enterprises and a variety of service sector suppliers such as high-tech manufacturers, IT services and logistics.

“It is indeed a new milestone for KLK’s property division, this being our maiden foray into Iskandar Malaysia, an important economic growth corridor at south of Johor. We are pleased to partner UEM Sunrise for this venture in Iskandar Malaysia as it allows us to enhance the quality and stability of our operating platform through growth and diversification of our geographic footprint. We look forward to share our vision of creating communities under a sustainable environment and being part of Gerbang Nusajaya, one of the most vibrant and fastest-growing destinations in Nusajaya of Iskandar Malaysia.” said Tan Sri Lee Oi Hian.

He added, “These joint developments are also KLK’s first developments outside of Selangor/Klang Valley. They therefore represent a significant step towards unlocking the value of KLK group’s property development potential in Peninsular Malaysia.”

Dato’ Izzaddin Idris concluded, “This synergistic partnership between two of amongst Malaysia’s largest land owners will define a new frontier in collaborative efforts of property developers in Malaysia. In addition to creating further developments that are symbiotic with UEM Sunrise’s existing projects in Nusajaya at Iskandar Malaysia, the joint developments enable more quality projects to be conceived with the expertise of an established and like-minded developer like KLK. With this, UEM Sunrise is also able to enhance its land bank supply with more prime assets to accelerate the company’s future growth trajectory. We are steadfast on achieving our goals in creating another sustainable township where UEM Sunrise’s DNA of 3Ps namely People, Planet & Priorities is expanded to Fraser Metropolis as well.”

At the signing ceremony, UEM Sunrise was represented by Dato’ Izzaddin Idris, its Executive Director with Raymond Cheah, its Chief Operating Officer – Commercial as the witness. KLK was represented by Tan Sri Dato’ Seri Lee Oi Hian, its Chief Executive Officer with Dato’ David Tan, its Executive Director for KLK’s property division acting as the witness. Besides the media, the event was also attended by the senior leadership teams of both companies.