IOI Properties Group Berhad (the "Company" or "IOIPG") wishes to announce that at the Extraordinary General Meeting ("EGM") of the Company held on 18 December 2014, the shareholders of the Company had approved all Ordinary Resolutions as set out in the notice of the EGM dated 3 December 2014 as follows :-

1. Proposed renounceable rights issue of 539,835,787 new ordinary shares of RM1.00 each in the Company ("IOIPG Shares") ("Rights Shares") at an issue price of RM1.90 per Rights Share on the basis of one (1) Rights Share for every six (6) existing IOIPG Shares held at an entitlement date to be determined later

2. Proposed establishment of an employees' share option scheme ("ESOS") of up to ten percent (10%) of the issued and paid-up share capital of the Company

3. Proposed allocation of ESOS options to Tan Sri Dato' Lee Shin Cheng

4. Proposed allocation of ESOS options to Lee Yeow Seng

5. Proposed allocation of ESOS options to Lee Yoke Har

This announcement is dated 18 December 2014.