PRESS RELEASE Embargoed for release after 5pm 18 April 2006 UM LAND GROWING PRESENCE IN KLANG VALLEY Kuala Lumpur 18 April 2006 - United Malayan Land Bhd (“UM Land”) had today through its wholly-owned subsidiary UM Development Sdn Bhd entered into a conditional sale and purchase agreement with Akademi Pendidikan Pemandu (Malaysia) Sdn Bhd, part of the Boustead Properties Berhad group of companies, to acquire a parcel of leasehold commercial land measuring 30,490 square metres in Setapak, Kuala Lumpur for a cash consideration of RM30 million. Encik Zulkifli Tahmali, Acting Director, Operations of UM Land, said, “The site is earmarked for development of a modern commercial enclave comprising signature shop- offices with good property management, ample parking bays and facilities. Located within Setapak, a well-established sub-urban centre of Kuala Lumpur, with mature residential developments in the vicinity and fronting Jalan Genting Klang, we are optimistic of the prospects of this latest project which will contribute close to RM100 million in revenues to UM Land Group over 3 years once launched sometime in 2007”. “The acquisition is a culmination of UM Land Group’s continuing efforts to diversify and expand its income base. Whilst the Group’s main stay is in township development which provides a stable income stream over the mid to long term, niche development provides attractive and quick return on investment due to its short turnaround time. A case in point is our Suasana Sentral Loft condominium project which received overwhelming response, garnering take-up of over 90% within months of its launch in early 2005.” added Mr Pee Tong Lim, Director, Finance and Corporate. Page 1 UM Land has been growing its presence in Klang Valley through its recent entry into a joint venture with Bolton Berhad and CapitaLand Limited of Singapore for the development of a landmark condominium in the vicinity of KLCC. Its other projects in the Klang Valley include Bandar Seri Putra, an integrated township in Bangi within proximity of the Multimedia Super Corridor of Malaysia, Seri Bukit Ceylon serviced apartments in the Golden Triangle near Bukit Bintang’s tourist haven and Suasana Sentral Loft, a luxury condominium in KL Sentral. It also has 2 other township projects in Johor namely Bandar Seri Alam and Seri Austin. Further information on the acquisition can be found in UM Land’s announcement made to Bursa Malaysia today at www.bursamalaysia.com. Issued by United Malayan Land Bhd Kuala Lumpur 18 April 2006 About United Malayan Land Bhd (www.umland.com.my) Listed on the Main Board of Bursa Malaysia, UM Land is a major property developer in Malaysia. Its major shareholders include CapitaLand Limited (21.58%), Tradewinds Corporation Berhad (20.14%), Wawasan Perangsang Mewah Sdn Bhd (12.18%) and Chee Tat Holdings (S) Pte Ltd (7.67%). UM Land has established itself as a developer of integrated townships in Bandar Seri Alam, Seri Austin and Bandar Seri Putra located in states of Johor and Selangor. Its recent projects include Suasana Sentral Loft, a luxury condominium within the city’s transportation hub - KL Sentral; and Seri Bukit Ceylon, a freehold city serviced residences development managed by the renowned Ascott International Management Group, a world leading serviced residences’ owner and operator. For further enquiries, please contact Ms Leong Chooi Kuen, email [email protected] or Puan Jessylina Mat Lazim, email [email protected] at Tel. No. +603 2142 1611. Page 2 .