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TAMBUN INDAH LAND BERHAD Corporate Presentation In Conjunction With Initial Public Offering on the Main Market of Bursa Malaysia Securities Berhad 29 December 2010 Adviser, Sole Underwriter & Placement Agent IR Adviser AQUILAS 2 Tambun

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TAMBUN INDAH LAND BERHAD

Corporate Presentation In Conjunction With Initial Public Offering on the Main Market of Bursa Malaysia Securities Berhad 29 December 2010

IR Adviser

AQUILAS

Adviser, Sole Underwriter & Placement Agent

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Profile Industry Growth Financials IPO Statistics Investment Case Profile Financials Industry Growth IPO Statistics Investment Case A Better Case… Profile Industry Growth Financials IPO Statistics Investment Case

INVESTMENT CASE

Tambun Indah – undoubtedly a better case…

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Exposure to the growing Penang property market

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Sustainable catalysts driving state’s property prices

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Tambun Indah’s reputation for quality homes is proven by its well-supported secondary market prices

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GDV pipeline of RM1 billion till 2016

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Strong balance sheet with net cash position

(net cash/share of RM0.21 post-IPO, compared to indicative IPO price of RM0.70/share)

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Highly-efficient developer with RM24 mil net profit over RM101 mil revenue in FY09, impressive net margin of 24%

(vs recent property IPO’s 14%)

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Progressive dividend policy to pay 40%-60% of Group net profits to shareholders, estimated 6.7%* net dividend yield at IPO price

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Undemanding valuation of 6.5x historical PE (equivalent to 4.5x PE if net of cash)

* Based on annualized FY2010 net profits, and 40% dividend payout

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Profile Industry Growth Financials IPO Statistics Investment Case Profile Financials Industry Growth IPO Statistics Investment Case A Better Case… Profile Industry Growth Financials IPO Statistics Investment Case

CONTENTS

  • Corporate Profile
  • Industry Outlook
  • Growth Strategies
  • Financial Highlights
  • IPO Statistics

3

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CORPORATE PROFILE

Premier Home Provider in Mainland Penang…

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BACKGROUND

  • Founded in 1994, Tambun Indah Land Bhd

(Tambun Indah) is a reputable and premier property developer in Mainland Penang

  • Tambun Indah is instrumental in introducing

innovative property concepts to Mainland Penang

  • E.g. 1st guarded & gated landed community,

1st landed strata scheme

  • Tambun Indah is focused on providing luxurious

lifestyle at affordable prices, with community- centric features

  • Sold >2,800 units with total GDV of >RM800 mil
  • Typically delivered ahead of schedule and enjoying

full take-up rates

Carving a niche as a reputable provider of premium and luxury homes in Mainland Penang…

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Proposed Second Bridge

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VISION & MISSION

Committed to innovation and excellence in products and services…

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To be a responsible regional developer committed towards sound design and quality, excellence, timely delivery and good after-sales service To provide professional expertise and achieve excellence through quality & innovation

Vision Mission

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CORPORATE MILESTONES

15-year track record of introducing cutting-edge home concepts with quick turnaround…

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  • Commenced development of Taman Tambun Indah - Group’s 1st

project which was also the 1st gated landed community in Mainland Penang

1995

  • Completed initial phase of Taman Tambun Indah (287 bungalows)

1997

  • Undertook further developments: Taman Tambun Indah, Taman

Tambun Emas, Taman Seri Tambun & Casa Permai

1998 - current

  • Commenced development of Scotland Villas – Group’s 1st project in

Penang Island

2002

  • Commenced development of Casa Impian I and Juru Heights (Phase

I)

2006

  • Commenced development of Palm Villas – 1st gated and guarded strata

landed homes in Mainland Penang

2007

  • Commenced development of Casa Impian II and Juru Heights

(Phase II), and Casa Permai

2008

  • Commenced Carissa Park, Pearl Garden (Phase A1A) and Seri

Palma

2009

  • Commenced Pearl Garden Phases A1B & A2

2010

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CORPORATE STRUCTURE

Focused on property development business…

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Tambun Indah Land Berhad

Cenderaman Development Sdn Bhd (100%) Denmas Development Sdn Bhd (100%) Hong Hong Development Sdn Bhd (100%) Jasnia Sdn Bhd (100%) Langstone Sdn Bhd (100%) Tokoh Edaran Sdn Bhd (100%) Tambun Indah Development Sdn Bhd (70%) TID Development Sdn Bhd (100%) TKS Land Sdn Bhd (100%) CBD Land Sdn Bhd (50%) Denmas Sdn Bhd (100%) Epiland Properties Sdn Bhd (100%) Intanasia Development Sdn Bhd (100%) Juru Heights Sdn Bhd (100%) Perquest Sdn Bhd (100%) Tambun Indah Sdn Bhd (100%) Zipac Development Sdn Bhd (50%)

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COMPLETED PROJECTS

Taman Tambun Indah

  • 1st gated and guarded landed community in

Mainland Penang

  • Land area: 101.8 acres
  • GDV: RM116.22 mil
  • Commenced in 1995, Completed in 2008

1st successful township development raised Tambun Indah’s reputation… maiden Penang Island project for high-end market

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Scotland Villas

  • Located in Penang Island, next to Penang Turf

Club

  • Land area: 2.3 acres
  • GDV: RM56.18 mil
  • Commenced in 2002, Completed in 2004
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COMPLETED PROJECTS (CONT’)

Casa Impian

  • 177 units of residential properties
  • Land area: 11.60 acres
  • GDV: RM59.04 million
  • Commenced in 2006, Completed in 2009

Constantly introducing contemporary designs that appeal to the young urban market…

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Palm Villas

  • 1st gated strata landed project, i.e. landed

property with convenience of property management services

  • 148 units of residential properties
  • Land area: 11.09 acres
  • GDV: RM60.81 million
  • Commenced in 2007, Completed in 2009
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COMPLETED PROJECTS (CONT’)

Numerous other completed projects reinforce brand equity…

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Taman Tambun Emas

  • 160 units of residential properties
  • Land area: 10.10 acres
  • GDV: RM34.23 million
  • Commenced in 2005, Completed in 2008

Taman Seri Tambun

  • 180 units of residential properties
  • Land area: 13.60 acres
  • GDV: RM31.90 million
  • Commenced in 2002, Completed in 2007

Casa Permai

  • 86 units of residential properties
  • Land area: 7.12 acres
  • GDV: RM26.78 million
  • Commenced in 2008, Completed in 2010

Seri Palma

  • 6 units of residential properties & 3 commercial units
  • Land area: 0.95 acre
  • GDV: RM4.60 mil
  • Commenced in 2009, Completed in 2010
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ONGOING PROJECTS

Juru Heights

  • Gated & guarded residences next to Juru Auto City
  • 5-min drive from Prai Industrial Estate and North-South

Highway; 15-min drive from 1st & 2nd Penang bridges

  • Total land area: 81.25 acres
  • Total GDV: RM255.12 mil
  • Commenced in 2006, Full completion in early 2011

Easy accessibility of the Group’s current mainstay Juru Heights adds to attraction…other ongoing projects cater to growing enclave

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Carissa Park

  • 144-unit condominium
  • Land area: 2.73 acres
  • GDV: RM25.93 mil
  • Commenced in 2009, To be completed in 2011
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ONGOING PROJECTS (CONT’)

Pearl Garden: the next crown jewel aptly-positioned to meet growing demand by highly-discerning customers…

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Pearl Garden

  • Gated & guarded residences in Simpang Ampat; 5-min drive

from North-South Highway; 15-min drive from 1st & 2nd Penang bridges

  • Total land area: 253.72 acres
  • Commenced in 2009, Full completion in 2016

Phase Type Est No. of Units Est GDV (RM ‘mil)

  • Phase A1A & A1B

2-Storey Terraces 204 54.33

LAUNCHED

Semi-D’s 98 37.11 Bungalows 6 3.38

  • Phase A2

2-Storey Semi-D’s 4 1.60 2-Storey Terraces 134 37.85

  • Pearl Villas Phase 1

2-Storey Bungalows 13 7.54

FUTURE

2-Storey Terraces 63 17.64 2-Storey Semi-D’s 92 35.42

  • Pearl Villas Phase 2

Bungalows 6 3.60 2-Storey Terraces 89 27.15 2-Storey Semi-D’s 72 28.80

  • Pearl Residence 1

2-Storey Bungalows 312 188.36

  • Pearl Residence 2

2-Storey Bungalows 178 107.02

  • Pearl Residence 3

2-Storey Bungalows 502 315.49 2-Storey Semi-D’s 124 51.46 TOTAL 1,897 916.75

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PIPELINE PROJECTS

Project Type Est No. of Units Est GDV (RM ‘mil) Dahlia Park Condominiums 134 33.80 2-Storey Shop Offices 12 8.29 Impian Residence 2-Storey Semi-D’s 32 13.14 2-Storey Terraces 100 27.68

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Maintaining leading position in Penang with projects worth RM1.05 bil GDV from 3Q10 to 2016…

Dahlia Park Impian Residence

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PIPELINE PROJECTS (CONT’)

Project Type Est No. of Units Est GDV (RM ‘mil) Tanjung Heights Condominiums 148 36.65 2/3-Storey Shop Offices 17 15.51 BM Residence Condominiums 110 22.69 Semi-D’s 8 3.84 Bungalows 1 0.60 3-Storey Terrace Houses 29 12.12 Taman Bukit Residence 3-Storey Terrace Houses 54 24.30 Capri Park Apartments 148 31.52 2-Storey Shop Offices 7 4.55

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New projects to reinforce Tambun Indah’s reputation in Seberang Perai…

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LAND BANK

  • Tambun Indah maintains land bank size that allows for quick turnaround and high

returns

  • Land purchases usually quickly followed by immediate development plans
  • Savings in expenses, particularly in finance costs and opportunity cost,

i.e. maximising returns while maintaining healthy cash flow

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Location Total Area (acre) Developed (acre) On-going (acre) Future (Bought) (acre) Future (Option) (acre) Seberang Perai Selatan 386.34 132.62 37.04 114.86 101.82 Seberang Perai Tengah 100.45 53.96 27.29 19.20

  • Seberang Perai Utara

35.79 23.20 2.73 9.86

  • Daerah Timur Laut

2.30 2.30

  • Total

524.88 212.08 67.06 143.92 101.82 GDV (RM ‘mil) 1,822.25 565.35 239.73 650.22 366.95

Optimal land bank size due to strategy of being land developer (vs land owner)… quality & ‘developability’ of land the main criteria

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KEY MANAGEMENT

Highly-experienced team at the helm…

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  • Ir. Teh Kiak Seng; Managing Director
  • Founder of the Group with >30 years of experience in the housing industry
  • Member of the Institute of Engineers, Malaysia and a Registered Professional Engineer with

the Board of Engineers Malaysia. Currently the Honorary Secretary of Real Estate and Housing Developers’ Association (REHDA) Penang

Teh Theng Theng; Executive Director

  • Joined the Group in 1995, and has been involved in the overall administration, financial

control, corporate planning and business development

  • Graduated with Bachelor of Accounting with 19 years’ experience in property industry
  • Extensive experience in planning and marketing strategies

Thaw Yeng Cheong; Executive Director

  • Graduated with Bachelor of Architecture, with 28 years of experience in the property

development industry

  • Responsible for design, concept inception, management, budgeting and project implementation

Neoh Sze Tsin; Finance & Administration Manager

  • Member of the Association of Chartered Certified Accountants (ACCA)
  • 6 years’ experience in finance, accounting, audit, internal audit and risk management
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BOARD OF DIRECTORS

Board of Directors combining diverse expertise…

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Tsai Yung Chuan; Non-Independent Non-Executive Chairman

  • Taiwanese founder of Chin Well group of companies in 1989
  • Currently the Managing Director of Chin Well Holdings Berhad

Dato’ Mohamad Nadzim Bin Shaari; Non-Executive Director

  • Served more than 30 years in various Malaysian Government Departments, including the Prime Minister’s Department,

and the Energy, Communications and Multimedia Department

  • Bachelor of Economics (Hons) in Public Administration (Univ Malaya), Certificate in Planning and Management of Rural

Development Projects (Univ of Bradford, UK), Master of Science (Development Studies) (Univ of Bath, UK)

Dato’ Hong Yeam Wah; Non-Executive Director

  • Extensive 30 years’ experience and expertise in the electrical contracting field
  • Also involved in diverse businesses, including electroplating, machinery, machining and electrical lighting

Ong Eng Choon; Non-Executive Director

  • More than 30 years’ of experience in taxation matters; currently Managing Director of Taxnet Consultants S/B
  • A Chartered Accountant (Malaysia), a Fellow of the Chartered Association of Certified Accountants, an Associate Member
  • f the Institute of Chartered Secretaries and Associate Member of Chartered Tax institute of Malaysia

Yeoh Chong Keat; Non-Executive Director

  • Founder and President/CEO of Archer Corporate Services, with a wealth of experience in audit, tax, financial and

management consulting and corporate secretarial work

  • A Fellow of the Institute of Chartered Accountants in England and Wales, a Fellow of the Chartered Tax Institute of

Malaysia, a Chartered Accountant of the Malaysian Institute of Accounts and a Member of the Malaysian Institute of Certified Public Accountants

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INDUSTRY OUTLOOK

Where The Grass Is Greener…

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Profile Industry Growth Financials IPO Statistics Investment Case A Better Case…

MARKET STATISTICS

Tambun Indah accounted for 9.7% of the residential property market and 0.4% of the commercial property market in Seberang Perai in 2009

(Source: Vital Factor Consulting)

Penangites increasingly receptive to living in Mainland…Seberang Perai now accounts for 30% of Penang property market, & growing

Penang Seberang Perai (Mainland Penang) 2008 growth yoy 2009 growth yoy 2009 2008 growth yoy 2009 growth yoy 2009 Value of residential property transactions

19.7% 0.03% RM3.7 bil 5.3% 9.3% RM1.0 bil

  • No. of residential

property transactions

11.4% 0.9% 16,436 units 5.9% 0.2% 6,623 units

Residential Property Market in Malaysia (2009): RM41.8 bil Commercial Property Market in Malaysia (2009): RM16.4 bil

Penang RM950.9mil,

  • f which Seberang

Perai RM366.3 mil Penang RM3.7 bil,

  • f which Seberang

Perai RM1.0 bil

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INDUSTRY GROWTH TRENDS (IN PENANG)

1) Return of high-profile FDI to Penang  Mainland: Ibiden Japan completed RM1.2 bil plant in Penang Science Park, Honeywell and Rubycon to expand plants  Island: Western Digital to invest USD800 mil (RM2.5 bil) by 2012, B Braun to invest RM1.75 bil by 2013, National Instruments to invest RM280 mil, and expansion of Osram Opto Semiconductor & Philips Lumileds 2) Influx of foreign property investors  E.g. Chinese property investors favouring Penang properties  “Malaysia My 2nd Home” programme benefitting Penang  World Heritage Status for Georgetown anticipated to increase tourist arrivals 3) Increased Government spending on infrastructure  New transportation links to improve accessibility  E.g. Penang 2nd bridge anticipated to increase passenger traffic between Penang island and mainland; properties in Batu Maung / Simpang Ampat areas to be beneficiaries; double-track rail project  Expansion of Penang Science Park near Simpang Ampat to cater for influx of investors 4) Rising prices in island properties and low interest rates  Rising prices of properties in Penang Island driving potential buyers to Mainland Penang for more affordable homes with quality lifestyle  Favourable finance costs to spur property transactions  Higher potential for price appreciation on Mainland Penang properties

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Property market up North on track for continued growth…

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GROWTH STRATEGIES

Continuing Our Success Story…

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CORE COMPETENCIES

Established track record for high-quality luxury properties at affordable prices, and delivery ahead of schedule Diverse product portfolio with innovative concepts Strong balance sheet, thus having the flexibility to undertake new projects

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Committed to continuously increasing the standard and quality of living…

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MARKETING STRATEGIES

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Constantly creating top-of-mind awareness to be the developer of choice for high-quality yet affordable property…

Property Fairs Newspaper advertisements Printed Collateral (Flyers,

brochures)

Billboards

  • Group has in-house

sales & marketing team to target potential buyers (i.e. owner-occupiers and investors)

  • Tambun Indah

typically allocates 2 to 3% of annual group revenue for sales and marketing purposes

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TIMELINE FOR PIPELINE PROJECTS

New Projects Total GDV (RM ‘mil) Targeted Commencement and Completion 2010 2011 2012 2013 2014 2015 2016 Dahlia Park 42.09 Impian Residence 40.82 Pearl Garden:

  • Pearl Villas Phase 1

60.60

  • Pearl Villas Phase 2

59.55

  • Pearl Residence 1

188.36

  • Pearl Residence 2

107.02

  • Pearl Residence 3

366.95 Capri Park 36.07 Tanjung Heights 52.16 BM Residence 39.25 Taman Bukit Residence 24.30 Total GDV 1,017.17

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A healthy mix of quick turnaround and long-term developments…

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FINANCIAL HIGHLIGHTS

A Strong Foundation…

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REVENUE & PROFIT TRENDS

  • Rising gross margins spurred by

increased demand for Tambun Indah’s projects

  • Well-supported by increasing

after-market prices as a result of reputation for completion ahead of schedule

  • Juru Heights development the

major revenue contributor from FY07 to FPE10

  • Highly-efficient operations result in

commendable profit margins

  • Strong balance sheet with minimal

borrowings ensures low finance costs

  • High ROE of 25.26%; ROA of

15.31%

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High profit margin due to efficient operations…also, well-sustained after-market prices augur well for Tambun Indah’s future projects

97.1 126.0 100.9 57.3 27.5% 30.0% 32.0% 35.2%

30 60 90 120 150 FY2007 FY2008 FY2009 1H2010

RM’mil

Group Revenue (RM’mil)

Revenue Gross Margin

19.6 23.5 23.8 14.1 0.0 10.0 20.0 30.0 FY2007 FY2008 FY2009 1H2010

EBITDA & PAT (RM’mil)

PAT Tax Interest & Depreciation

28.1% 27.5% 30.5% 32.9% 20.1% 18.6% 23.6% 24.6% 0% 10% 20% 30% Margins (%)

EBITDA Margin Net Margin

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REVENUE ANALYSIS BY PROJECT

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Juru Heights the main growth driver in recent years…Pearl Garden promises to be the next catalyst

FY2007 FY2008 FY2009 1H10

RM’ mil % to Revenue RM’ mil % to Revenue RM’ mil % to Revenue RM’ mil % to Revenue

Property Development Juru Heights (Ph I & II) 34.45 35.5% 53.51 42.4% 40.76 40.4% 11.13 19.4% Casa Permai

  • 0.84

0.7% 16.35 16.2% 4.97 8.7% Palm Villas 12.77 13.2% 25.99 20.6% 18.29 18.1% 2.20 3.8% Pearl Garden

  • 0.58

0.6% 13.21 23.0% Carissa Park

  • 0.11

0.1% 1.29 1.3% 3.70 6.5% Others 34.48 35.5% 23.83 18.9% 14.40 14.3% 2.01 3.5% 81.71 84.2% 104.29 82.7% 91.67 90.9% 37.21 64.9% Construction Juru Heights (Ph I & II) 15.15 15.6% 21.54 17.1% 8.96 8.9% 19.83 34.6% 15.15 15.6% 21.54 17.1% 8.95 8.9% 19.83 34.6% Others Rental of properties & car park operation 0.22 0.2% 0.22 0.2% 0.25 0.2% 0.27 0.5% 97.08 100% 126.05 100% 100.87 100% 57.31 100%

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BALANCE SHEET

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Strong cash position even at pre-IPO…

Proforma Balance Sheet (‘000) Pre-IPO (as at 30 June 2010) Post-IPO PPE + Land Held For Development 13,008 13,008 Investment Properties 8,510 8,510 Current Assets 144,300 160,900 Current Liabilities 36,769 36,335 Non-Current Liabilities 8,562 5,796 Shareholders’ Equity 107,543 127,343 Borrowings (ST + LT) 16,342 13,142 Cash & Cash Equivalents + Fixed Deposits 43,289 59,889 Gearing (Net of Cash) Net Cash Net Cash Net Tangible Assets / Share (RM) 0.57 (1) 0.58 (2) Net Cash / Share (RM) (3) 0.14 (1) 0.21 (2)

(1) Based on 189 mil ordinary shares of RM0.50 each (2) Based on 221 mil ordinary shares of RM0.50 each (3) Net of borrowings

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IPO STATISTICS

Raising Profile Through Listing…

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ISSUE STATISTICS

IPO to raise more than RM20 million for the Group…

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Number of Shares Share Capital (RM) Authorised share capital 500.0 million 250.0 million Existing issued and fully paid-up share capital 189.0 million 94.5 million Public Issue 32.0 million 16.0 million Enlarged issued and paid-up share capital upon Listing 221.0 million 110.5 million

Total Number of IPO Shares 54.10 million shares of RM0.50 par

  • 32.00 million new shares
  • 22.10 million vendor shares

Private Placement to MITI-approved Bumiputera Investors 22.10 million vendor shares Private Placement to Identified Investors 9.90 million new shares Eligible Directors, Employees & Business Associates 11.05 million new shares Malaysian Public 11.05 million new shares

Issue/Offer Price: RM0.70 per share

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ISSUE STRUCTURE

About 40% free float…key founder not offering any shares

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Balloting (White Form) 11.05 mil (5.0%) Directors, Employees & Business Associates (Pink Form) 11.05 mil (5.0%) Private Placement to Identified Investors 9.9 mil (4.5%) Substantial Shareholders /Promoters

  • Ir Teh K.S. & Siram Permai S/B

94.2 mil (42.6%)*

  • Tsai Family & Amal Pintas S/B

23.0 mil (10.4%)*

  • Dato Hong & Tah-Wah S/B

19.9 mil (9.0%)*

Non-Substantial Shareholders

  • Others

29.8 mil (13.5%)

Enlarged Share Capital: RM110.5 mil comprising 221.0 mil shares of RM0.50 par

TAMBUN INDAH LAND BERHAD

Offerors

  • 1. Tsai Family’s Amal Pintas S/B: 11.05 mil (5.0%)
  • 2. Dato Hong’s Tah-Wah S/B & NLE Electrical

Engineering S/B: 11.05 mil (5.0%)

Proceeds to Tambun Indah: RM22.4 mil Public (New Shares) 32.0mil (14.5%) Public - MITI-approved Bumi Investors (Vendor Shares) 22.1mil (10.0%) Proceeds to Offerors: RM[15.47] mil

* Held under moratorium for 6 months

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UTILISATION OF PROCEEDS

IPO proceeds for working capital needs, repayment of borrowings, and acquisition of land…

33

Working Capital, RM12.7mil Repayment of borrowings, RM7.1 mil Listing expenses, RM2.6mil

IPO Proceeds: RM22.4 mil

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IPO TIMELINE

Targeted to list by January 2011…

34

29 Dec ‘10 Launch of IPO Prospectus 10 Jan ‘11 Balloting Ceremony 18 Jan ‘11 Listing on the Main Market, Bursa Malaysia Securities Berhad

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PEER COMPARISON

35

15.0% 2.4% 6.7%

FY Div Yield

  • 2.5%

1.7% 2.7% 0.23 Net Cash

Net gearing (x)

0.42 0.05 0.07 0.05 1.85 600.65 11.3 0.8 1.4 23.7% Average Tambun Indah @ IPO 0.70 154.70 6.5 12.5 0.9 16.8% 0.90 172.44 14.8 0.89 80.78 17.9 1.15 911.97 12.9 200.88 11.7 1.3 20.5% 26.3% 0.9 4.4% 20.1% Ivory Properties (IVORY MK)

P/NTA

Asas Dunia (ASAS MK) Wing Tai Holdings (WING MK) 0.5 Hunza Properties (HPB MK) 1.66 322.66 6.3 1.0 PLB (PLB MK) E&O (EAST MK) 0.9 1.08

Market Cap (RM'mil) Historical PE (x) Local currency @ 27.12.10 Company Last Price

1.7% 0.39 3.3% 0.41

Net Margin

14.2%

Tambun Indah stands out…

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SLIDE 36

THANK YOU

IR Contacts:

  • Mr. Arvin Chia

T: 03- 2382 5398 arvin.chiayk@mimb.com.my

  • Mr. Terence Loo

T: 03-27111391 / 012-6295 618 terence@aquilas.com.my

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SLIDE 37

PROJECT DETAILS

The Pride of Mainland Penang…

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SLIDE 38

Profile Industry Growth Financials IPO Statistics Investment Case Profile Financials Industry Growth IPO Statistics Investment Case A Better Case… Profile Industry Growth Financials IPO Statistics Investment Case

TAMAN TAMBUN INDAH

38

TAMAN TAMBUN INDAH

Units developed Units sold Gross area/unit

(sq ft)

Gross sales value

(RM ‘mil)

Residential Bungalows 305 305 6.0K-11.0K 45.26 2-Storey Semi-D’s 44 44 2.8K 11.6 2-Storey Terraces 156 156 1.2K-1.3K 28.36 Low Cost Flats 158 158 0.6K 3.95 Commercial 2-Storey Shop Offices 77 77 1.3K 19.18 3-Storey Shop Offices 24 24 1.3K 7.87 GDV 116.22

Taman Tambun Indah – the Group’s pioneer development

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SLIDE 39

Profile Industry Growth Financials IPO Statistics Investment Case Profile Financials Industry Growth IPO Statistics Investment Case A Better Case… Profile Industry Growth Financials IPO Statistics Investment Case

SCOTLAND VILLAS

39

SCOTLAND VILLAS

Units developed Units sold Gross area/unit (sq ft) Gross sales value (RM ‘mil)

Residential Condominiums 80 80 2.1K-6.1K 43.80 3-Storey Terraces 17 17 2.7K-3.4K 11.53 GDV 55.33

Scotland Villas - Targeting the high-end market in Penang Island…

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SLIDE 40

Profile Industry Growth Financials IPO Statistics Investment Case Profile Financials Industry Growth IPO Statistics Investment Case A Better Case… Profile Industry Growth Financials IPO Statistics Investment Case

JURU HEIGHTS

40

JURU HEIGHTS

Units developed Units sold Gross area/unit (sq ft) Gross sales value (RM ‘mil)

Residential 2-Storey Terraces 252 251 1.3K-3.6K 63.65 3-Storey Terraces 101 101 1.4K-3.8K 32.97 2- & 3-Storey Bungalows (Phase I) 129 129 4.0K-9.3K 63.59 2- & 3-Storey Bungalows (Phase II) 128 99 4.0K-9.2K 79.35 Low-Cost Flats 215 215 0.7K 7.85 Commercial: 2-Storey Shop Offices 27 26 1.9K-2.6K 7.53 GDV 254.94

Juru Heights – Continuing Tambun Indah’s signature high-quality development…