ASPL Aseana Properties Limited

ASEANA PROPERTIES LIMITED
("Aseana" or the "Company")

Extension of Commercial Paper and Medium Term Notes Repayment Date

Aseana (LSE: ASPL), a property developer in Malaysia listed on the main market of the London Stock Exchange, announces an extension to the repayment date for a further 3 tranches of medium term notes with aggregate nominal value of 2.85 million Malaysian ringgit (eq. c.$0.6 million) ("MTNs").

The extension to the repayment date for these 3 tranches of MTNs follows on from the extensions secured for an initial 6 tranches of medium term notes with an aggregate nominal value of 5.7 million Malaysian ringgit (eq. c.$1.3 million), as announced by the Company on 24 February 2025.

MTrustee Berhad ("MTrustee"), the trustee of the MTNs and Potensi Angkasa Sdn. Bhd. ("Potensi Angkasa"), a wholly owned subsidiary of the Company, have agreed for a time extension of 180 days for Potensi Angkasa to make full payment of the nominal value together with any accrued unpaid coupon for 3 tranches of the MTNs.  The existing maturity date of 3 March 2025 for the MTNs has been extended to 2 September 2025 and the coupon rate payable is to be maintained unchanged at 7%, calculated on the basis of the actual number of days elapsed on a 365-day basis, as opposed to the previously agreed term where the coupon payable was calculated on a semi-annual basis for early redemption.

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