KLCC Property Holdings Berhad (“KLCCP”) is pleased to announce that its direct subsidiary, Asas Klasik Sdn. Bhd. (“AKSB” or “Issuer”) had on 15 May 2025 lodged with the Securities Commission Malaysia, the required information and relevant documents pursuant to the Guidelines on Unlisted Capital Market Products under the Lodge and Launch Framework effective on 15 June 2015 and revised on 5 February 2024, as amended from time to time.

The Perpetual Sukuk Programme shall have a perpetual programme tenure and allows for the issuance of Sukuk Wakalah from time to time, provided that the aggregate outstanding nominal value of Sukuk Wakalah shall not exceed the Perpetual Sukuk Programme’s size of RM1.0 billion at any one time.

Each Tranche may comprise of a rated Sukuk Wakalah only or unrated Sukuk Wakalah only, at the option of the Issuer.

The proceeds from the issuance of Sukuk Wakalah under the Perpetual Sukuk Programme shall be utilized by the Issuer for the following Shariah-compliant purposes:

1. to refinance any existing conventional borrowings / existing Shariah compliant financings of the Issuer and/or refinance future Shariah compliant financing including any Sukuk Wakalah issued under the Perpetual Sukuk Programme;
2. to refinance or reimbursement of the Issuer’s future Shariah compliant shareholders’ advances;
3. to finance working capital requirements, acquisitions, investments, capital expenditures and general corporate purposes of the Issuer; and/or
4. to pay all fees, costs and expenses relating to the Perpetual Sukuk Programme.

AKSB has, on 28 May 2025, successfully issued its first issuance of Sukuk Wakalah amounting to an aggregate of RM388 million in nominal value pursuant to the Perpetual Sukuk Programme.

Public Investment Bank Berhad is the Principal Adviser, Lead Arranger and Lead Manager for the Perpetual Sukuk Programme.

Amanie Advisors Sdn Bhd is the Shariah Adviser for the Perpetual Sukuk Programme.

This announcement is dated 28 May 2025.