NEWS RELEASE

JOINT PRESS RELEASE

UEM SUNRISE & KUALA LUMPUR KEPONG INKS AGREEMENTS FOR PROPOSED JOINT DEVELOPMENTS IN GERBANG NUSAJAYA & FRASER METROPOLIS AT ISKANDAR ,

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 , Johor, specifically in Gerbang Nusajaya and Fraser Metropolis, .

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.

1

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 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 International Airport. It is also located within close proximity to the Ports of Tanjung Pelepas and .

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.”

2

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.

- Ends -

For media queries, please contact:

UEM Sunrise Berhad: Kuala Lumpur Kepong Berhad: Ms. Nik Surina Suria Ms. Lim Poh Poh Head Senior Manager Corporate Communication Department Investor Relations & Corporate Communications Direct: +(603) 2727 6018 Tel: +(605) 2417 844 (Ext.2517) Mobile: +(6013) 367 6488 Email: [email protected] Email: [email protected]

About UEM Sunrise Berhad (www.uemsunrise.com)

UEM Sunrise Berhad (“UEM Sunrise”) is a public-listed company and one of Malaysia’s leading property developers. Incorporated on 20 August 2008, UEM Sunrise was formerly known as UEM Land Holdings Berhad.

UEM Sunrise has over 45 years of experience in property development, most significantly in luxurious high rise residential and commercial developments, integrated mixed-use developments and sprawling townships throughout Malaysia. UEM Sunrise is currently undertaking the development of Nusajaya, one of the five flagship zones and key driver of Iskandar Malaysia into a regional city like no other. Upon completion, Nusajaya will become the largest fully integrated urban development in Southeast Asia that will provide significant investment, financial and business opportunities to the economic growth and development of the region.

In the Central Region, UEM Sunrise is responsible for numerous residential, commercial and integrated developments largely within Kuala Lumpur’s affluent Mont’Kiara enclave as well as in Shah Alam, Selangor and Seremban, Negeri Sembilan. These developments include Arcoris Mont’Kiara, 28 Mont’Kiara, Plaza Mont’Kiara, Radia and Forest Heights. UEM Sunrise is also the owner and developer of an urban development in Cyberjaya known as Symphony Hills, an exclusive residential development and the country’s first Connected Intelligent Community (“CIC”) offering smart-home features and community connectivity through high-speed broadband.

3

UEM Sunrise’s presence extends into Singapore via Marina One and DUO mixed-use developments as well as in Melbourne, Australia. Outside of Asia Pacific, UEM Sunrise has expanded into Vancouver, Canada through Quintet mixed-use development, and retains a land bank in Durban, South Africa.

UEM Sunrise is the flagship company for real estate investment and property development businesses of UEM Group Berhad (“UEM Group”) and Khazanah Nasional Berhad (“Khazanah”). UEM Group is wholly-owned by Khazanah, an investment holding company of the Government of Malaysia.

About Kuala Lumpur Kepong Berhad (www.klk.com.my)

Kuala Lumpur Kepong Berhad (KLK), a company incorporated in Malaysia, is listed on the Main Market of Bursa Malaysia Securities Berhad with a market capitalisation of approximately RM26.5 billion at the end of December 2013.

Started as a plantation company more than 100 years ago, plantations (oil palm and rubber) still lead as KLK’s core business activity. Through various strategic acquisitions and sound management, the Group’s plantation land bank now stands close to 250,000 hectares spread across Malaysia (Peninsular and Sabah) and Indonesia (Belitung Island, Sumatra, Central and East Kalimantan). The KLK Group has also made inroads into Papua New Guinea and Liberia with plans to develop oil palm plantations.

Since the 1990s, the KLK Group has diversified into resource-based manufacturing (oleochemicals, derivatives and specialty chemicals) and vertically integrated its upstream and downstream businesses. The KLK Group expanded its manufacturing operations through organic growth, joint-ventures and acquisitions in Malaysia, the People’s Republic of China, Switzerland, Germany and The Netherlands resulting in internationally scaled oleochemicals operations.

The 1990’s also saw the KLK Group capitalising on the strategic location of its land bank in Peninsular Malaysia by branching into property development. Its latest project, the 1,000 acres Bandar Seri Coalfields Township is located in the vicinity of Sg. Buloh, Selangor and an addition to KLK’s nearby Desa Coalfields and Sierramas projects.

4