The Board of Directors of Axis REIT Managers Berhad, the management company of Axis Real Estate Investment Trust ("Axis-REIT") is pleased to announce that the Fourth Annual General Meeting ("AGM") of Axis-REIT has been convened andconcluded today with the Audited Financial Statements for the financial year ended 31 December 2015 of Axis-REIT together with the Reports attached thereonbeing laid before the Unitholders of Axis-REIT in accordance with Clause 15.33A of the Guidelines on Real Estate Investment Trusts issued by the Securities Commission Malaysia.

The Unitholders of Axis-REIT alsoapproved by way of show of hands all the following ordinaryresolutions as prescribed in the Notice convening the AGM dated 29 February 2016 at the AGM held today:

Special Business

1. Proposed renewal of the authority to allot and issue up to 219,103,216 new units in Axis-REIT, representing approximately 19.9% of the existing issued fund size of Axis-REIT, to facilitate a placement exercise; and
2. Proposed renewal of the authority to allot and issue up to 150,917,696 new units in Axis-REIT for the purpose of the Income Distribution Reinvestment Planthat provides the Unitholders of Axis-REIT the option to reinvest their income distribution in new units.

There was no other business being transacted at the AGM.

This announcement is dated 29 April 2016.