Reference is made to the announcement dated 19 May 2014 (“Announcement”).

(Unless otherwise stated, the abbreviations and definitions used throughout this announcement shall be the same as those previously defined in the Announcement.)

On behalf of the Board of Directors of Sunsuria (“Board”), AmInvestment Bank Berhad, RHB Investment Bank Berhad and Astramina Advisory Sdn Bhd wish to announce that after taking into consideration the intention of the Company to deliver the performance of its existing property development business and the scale of the potential acquisitions, and following consultations and discussions with the advisers and relevant parties, the Board has decided to allow the HOA in connection with the Proposed Acquisitions to lapse.

The decision will enable the Company to have more time and flexibility to assess the various options available in respect of the Proposed Acquisitions and/or other potential land bank acquisitions.

It is the intention of the Company to implement the rights issue exercise to avail the Company with funding as and when such opportunities arise.

Sunsuria will continue to seek potential land banks and/or property investment and property development projects for acquisition, in line with Sunsuria’s strategic plan to grow and expand the Company’s property development business, as well as to enhance the Company’s future prospects and revenue growth.

This announcement is dated 18 June 2014.