CIRCULAR TO UNITHOLDERS

IN RELATION TO

(I) PROPOSED ACQUISITIONS BY AMTRUSTEE BERHAD, ON BEHALF OF HEKTAR REAL ESTATE INVESTMENT TRUST ("HEKTAR REIT") OF THE FOLLOWING PROPERTIES:

• LANDMARK CENTRAL PROPERTY (AS DEFINED HEREIN) FOR A PURCHASE CONSIDERATION OF RM98,000,000; AND

• CENTRAL SQUARE PROPERTY (AS DEFINED HEREIN) FOR A PURCHASE CONSIDERATION OF RM83,000,000,

(COLLECTIVELY, THE "PROPOSED ACQUISITIONS");

(II) PROPOSED RENOUNCEABLE RIGHTS ISSUE OF UP TO 93,000,000 NEW UNITS IN HEKTAR REAL ESTATE INVESTMENT TRUST ("HEKTAR REIT") ("RIGHTS UNITS") TO THE ENTITLED UNITHOLDERS OF HEKTAR REIT ("PROPOSED RIGHTS ISSUE") TO PART-FUND THE PROPOSED ACQUISITIONS;

(III) PROPOSED ISSUANCE OF UP TO 853,773 NEW UNITS IN HEKTAR REIT ("MANAGER'S UNITS") TO HEKTAR ASSET MANAGEMENT SDN BHD (THE "MANAGER") AMOUNTING TO RM905,000 AS PART OF THE ACQUISITION FEE DUE TO THE MANAGER ("PROPOSED ISSUANCE TO THE MANAGER"); AND

(IV) PROPOSED INCREASE IN THE EXISTING APPROVED FUND SIZE OF HEKTAR REIT OF 320,001,000 UNITS TO UP TO 413,854,773 UNITS PURSUANT TO THE PROPOSED RIGHTS ISSUE AND PROPOSED ISSUANCE TO THE MANAGER.

Attachment : hektar-real-estate-investment-trust.pdf PDF, 1.11 MB