We refer to the earlier announcements dated 5 March 2008, 16 January 2008, 16 November 2007, 11 October 2007, 14 September 2007, 15 August 2007, 13 July 2007 and 16 May 2007 in relation to a sale and purchase agreement between HKSB and FCL ("SPA") for FCL to acquire from HKSB 400,000 ordinary shares of RM1.00 each comprising 40% of the issued and paid-up share capital in Hektar AM, for a total cash consideration of RM500,000.

On behalf of the Board of Directors of Hektar AM, the manager of Hektar REIT, AmInvestment Bank Berhad, a member of the AmInvestment Bank Group, wishes to announce that the aforementioned SPA was completed on 26 March 2008.

This announcement is dated 26 March 2008.