IOI Properties Group Berhad (the “Company” or “IOIPG”) wishes to announce that at the 2nd Annual General Meeting (“AGM”) of the Company held on 27 October 2014, the shareholders of the Company had approved all ordinary resolutions as set out in the notice of the AGM dated 3 October 2014:

Ordinary Resolutions

1. Re-election of Dato’ Lee Yeow Chor, who retired by rotation pursuant to Article 87 of the Company’s Articles of Association, as Director of the Company.

2. Re-election of Mr Lee Yeow Seng, who retired by rotation pursuant to Article 87 of the Company’s Articles of Association, as Director of the Company.

3. Re-appointment of Tan Sri Dato' Lee Shin Cheng as Director of the Company to hold office until the next AGM, pursuant to Section 129 of the Companies Act, 1965.

4. Re-appointment of Datuk Tan Kim Leong @ Tan Chong Min as Director of the Company to hold office until the next AGM, pursuant to Section 129 of the Companies Act, 1965.

5. Payment of Directors’ fees of RM685,319 for the financial year ended 30 June 2014.

6. Payment of Directors’ fees of RM770,000 for the financial year ending 30 June 2015 payable quarterly in arrears after each month of completed service of the Directors during the financial year.

7. Appointment of PricewaterhouseCoopers as Auditors of the Company until the conclusion of the next AGM and authority to the Directors to fix the Auditors’ remuneration.

8. Authority to Directors to allot and issue shares in the Company up to an amount not exceeding 10% of the issued and paid-up share capital of the Company under Section 132D of the Companies Act, 1965 and that such authority shall continue in force until the conclusion of the next AGM of the Company.

9. Authority for IOIPG to purchase such number of ordinary shares of RM1.00 each in IOIPG as may be determined by the Directors from time to time through Bursa Malaysia Securities Berhad upon such terms and conditions as the Directors may deem fit in the interest of the Company provided that the aggregate number of shares purchased does not exceed 10% of the total issued and paid-up share capital of the Company at the time of purchase.

This announcement is dated 27 October 2014.