Nusajaya, 7 November 2009: UEM Land Berhad, a wholly owned subsidiary of UEM Land Holdings Berhad and the master developer of Nusajaya - the key driver of Iskandar Malaysia, today entered into a Sale & Purchase Agreement valued at RM26.7 million with Themed Resorts and Attractions Sdn Bhd (“TAR”), a wholly-owned subsidiary of Khazanah Nasional Berhad, the investment holding arm for the government of Malaysia.

Under the agreement, TAR will purchase two (2) parcels of land totalling approximately 4.221 acres that forms a part of Puteri Harbour for the development of a complex that will house the first family indoor theme park, a 300-room hotel and retail outlets. With this, UEM Land Berhad’s vision for this regional city, Nusajaya, which is powered by the diversity of its development to come alive by 2012, is well into execution.

UEM Land had also signed a Development Management Service Agreement with TAR whereby UEM Land shall act as the Development Manager for the development and generally managing the development up to the completion of fit out and handover to TAR within four years from the date of the Sales & Purchase Agreement.

“We are very excited about the proposed family entertainment centre and hotel development as it is in line with UEM Land’s overall vision for Puteri Harbour. We expect that it will create commercial activities and spill-over effects that will add further value to Puteri Harbour. This type of strategic development and partnership are the key factors that will help realize UEM Land’s vision for Puteri Harbour and Nusajaya,” said Wan Abdullah Wan Ibrahim, CEO and Managing Director of UEM Land Holdings Berhad.

Nusajaya, with its eight signature developments, is positioned as the “World in One City” and poised to become a regional city. This world-class regional city that enhances and enriches the quality of life for Nusajaya’s residents who live, work and play here is rapidly taking shape.

To date, the Puteri Harbour Public Marina and Clubhouse catering to the needs of seafarers and Promenade for the general public have been completed. Earth works on Parcels A1 and A2 have also commenced. The security masterplan for Puteri Harbour has also been executed as part of its strategy to meet and exceed investor expectations of a safe and secure development.

Puteri Harbour is an integrated waterfront and marina development that offers a panoramic view of the Straits of Johor. This waterfront precinct dubbed “luxury’s new attitude” is envisaged to be a unique lifestyle community, offering the experience of exceptional waterfront living, exclusive condominiums, marinas, a retail centre, dining, fashion, the arts and culture in a safe and picture perfect natural setting that is complete with a water transportation terminal.

Puteri Harbour will appeal to the regional market with its ideal location for global or regional commerce and events, state-of-the-art facilities and a business-friendly environment.