The Board of Directors of Sunsuria Berhad (“Board”) wishes to announce that its 99.99%-owned indirect subsidiary, Sunsuria City Sdn Bhd (formerly known as Sime Darby Sunsuria Development Sdn Bhd) ("SCSB"), and its 99.99%-owned direct subsidiary, Sunsuria Gateway Sdn Bhd ("SGSB"), had on 6 May 2016 entered into a shareholders’ agreement with Welcome Global Co. Ltd. ("Welcome Global") (“Shareholders’ Agreement”) to regulate the respective equity participation, rights and obligations as shareholders in Sunsuria Everrich Sdn Bhd ("SESB") and the conduct of the business and affairs of SESB, which has been identified as the joint venture vehicle between SCSB, SGSB and Welcome Global to undertake the Proposed Joint Venture.

The Board wishes to further announce that on 9 May 2016, SCSB and SESB had entered into a joint development agreement (“Joint Development Agreement”) to regulate the relationship and respective roles as joint developers for the development of the Land.The complete announcement is attached herewith. 

This announcement is dated 9 May 2016.