We refer to the announcements dated 25 October 2018, 26 October 2018, 8 November 2018, 17 December 2018, 20 December 2018, 15 January 2019, 18 January 2019 and the circularto shareholders dated 22 January 2019 in relation to the Proposed Selective Capital Reduction and Repayment Exercise of Selangor Properties Berhad ("SPB") pursuant to Section 116 of the Companies Act, 2016 ("Proposed SCR"). Unless otherwise stated, the terms used herein shall have the same meaning as those defined in the said announcements.

The Board of Directors of SPB wishes to announce that the disinterested shareholders of SPB have approved the Special Resolution set out in the Notice of Extraordinary General Meeting ("EGM") dated 22 January 2019 in respect of the Proposed SCR, at the EGM of SPB held today, 14 February 2019.

The results of the poll were validated byGovernAce Advisory & Solutions SdnBhd, the independent scrutineer appointed by SPB.

The application to the High Court to seek confirmation for the reduction ofshare capital under Section 116 of the Companies Act, 2016 will be lodged in due course.

Please refer to the attachment for details of the results of the poll.

This announcement is dated 14 February 2019.