We refer to the announcement dated 1 December 2020 in relation to the Proposed REIT Establishment and Listing.

On behalf of the Board of Directors of AME (“Board”), Hong Leong Investment Bank Berhad (“HLIB”) wishes to announce that AME proposes to undertake the Proposed REIT Establishment and Listing comprising the following:

(a) the proposed establishment of AME REIT by AME, the Sponsor (“Proposed REIT Establishment”);

(b) the proposed transfers by 5 subsidiary companies of AME of 31 industrial real estate and 3 industrial-related real estates as detailed in Section 2.2.1 (“Subject Properties”) into AME REIT for a total consideration of RM557.0 million to be satisfied via the issuance of 520.0 million undivided interest in AME REIT (“Units”) and cash consideration of RM37.0 million (“Proposed Group Transfers”);

(c) the proposed offering of a total of 254.8 million Units via an initial public offering, which consists of proposed offering of (i) up to 130.0 million Units to shareholders of AME whose names appear in the Record of Depositors as at the close of business on an entitlement date to be determined and announced later by the Board, (ii) 7.8 million Units to eligible employees and directors of AME and its subsidiaries, (iii) 10.4 million Units to the Malaysian public, and (iv) at least 106.6 million Units to institutional investors and selected investors  (“Proposed Offering”); and

(d) the proposed admission of AME REIT to the Official List of Bursa Securities (“Official List”) and the listing of and quotation for 520.0 million Units on the Main Market of Bursa Securities (“Proposed Listing”).

Please refer to the attached file for further details on the Proposed REIT Establishment and Listing.

This announcement is dated 25 November 2021.