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(i) Proposed Disposals By UEM Construction Sdn Bhd ("UEMC") (A Wholly-owned Subsidiary of UEM Builders) of The Following: · 20 Parcels of Freehold Land Located in Mukim of Tanjung Kupang, District of Johor Bahru, Johor Darul Takzim; And · 100% Equity Interest in Finwares Sdn Bhd ("Finwares") (A Wholly-owned Subsidiary of UEMC) to UEM Land Berhad ("UEM Land") to Be Satisfied Via the Issuance of Mandatory Convertible Redeemable Preference Shares of RM0.01 in UEM Land Or Newco (Being A Company to Be Incorporated to Hold 100% Equity Interest In UEM Land) ("MCRPS") ("Proposed Disposals"); And (ii) Proposed Non-renounceable Restricted Offer For Sale By UEM Builders of The Rights to Allotment Of the MCRPS to Its Shareholders ("Proposed MCRPS Ros") (Collectively Referred To As The "Proposals")

BackJun 24, 2008

On behalf of UEM Builders Berhad, we are pleased to announce the Proposals, the details of which are attached below.


UEMBuilders - Announcement (24 June 2008).doc