The Board of Directors of UOA Asset Management Sdn. Bhd., being the management company for UOA REIT ("Manager") wishes to announce that UOA REIT has on 13 June 2016 acquired two ordinary shares of RM1.00 each for a consideration of RM2.00 in the capital of Angkara Restu Sdn Bhd ("the Subsidiary"). The two ordinary shares of RM1.00 each will be held in the name of RHB Trustees Berhad, being the Trustee for UOA REIT.

The Subsidiary is a private limited company incorporated in Malaysia under the Companies Act, 1965 on 29 April 2016 with an authorised capital of RM400,000.00 divided into 400,000 ordinary shares of RM1.00 each, of which 2 ordinary shares of RM1.00 each had been issued and fully paid-up.

Subsequent to the aforesaid acquisition of shares, the Subsidiary will become a wholly owned subsidiary of UOA REIT. The Subsidiary is currently dormant and its intended principal activity will be investment holding to hold certain parcels of investment properties owned by UOA REIT.

None of the Directors and/or substantial shareholders of UOA REIT, the Manager and persons connected to them, have any interest, direct or indirect, in the said acquisition of the two shares in the Subsidiary.

This announcement is dated 13 June 2016.