TROPICANA CORPORATION BERHAD (formerly known as Dijaya Corporation Berhad) ( Tropicana OR COMPANY ) REVALUATION OF NON-CURRENT ASSETS INCORPORATED INTO FINANCIAL STATEMENTS OF TCB 1. INTRODUCTION Pursuant to Pursuant to Chapter 9, Part J, Paragraph 9.19(46) and Part H of Appendix 9A of the Main Market Listing Requirements, the Board of Directors of TCB ( Board ) wishes to announce that the Board had approved the incorporation of the revaluation surplus, net of deferred tax, of approximately RM180.5 million in the consolidated financial statements of TCB for the financial year ended 31. 2. PURPOSE OF REVALUATION The purpose of the valuation is to ascertain the fair value of the investment properties of the Group for accounting purposes pursuant to Financial Reporting Standard ( FRS ) 140: Investment Properties. 3. REVALUATION SURPLUS, NAME OF VALUER, DATE OF VALUATION AND VALUATION ON INVESTMENT PROPERTIES BY VALUER Please refer to Appendix A as attached. 4. EFFECT OF THE REVALUATION SURPLUS ON THE NET ASSETS PER SHARE The revaluation surplus, net of deferred tax, of approximately RM180.5 million will increase the net assets per share by RM0.16 for the financial year ended 31. 5 DOCUMENTS FOR INSPECTION The valuation reports are available for inspection at the registered office of TCB at C-06-02, 6 th Floor, Block C, Wisma TT, No. 1, Jalan PJS 8/15, Dataran Mentari, 46150 Petaling Jaya, Selangor Darul Ehsan, during normal business hours from Mondays to Fridays (except public holidays) for a period of three (3) months from the date of this announcement. This announcement is dated 27 February 2014. 1
Book 1 Bangunan Rekreasi Keningau 2-storey commercial CL135366344, District of Keningau, Sabah Jalan Masak, Keningau Town Centre Sabah [06.01.2014] 5,500,000.00 6,000,000.00 475,000.00 2 Bangunan New Pantai 3-storey commercial with CL015106377, District of Kota Kinabalu, Sabah Jalan Sireh, Tanjung Aru Township, 89450 Kota Kinabalu [03.01.2014] 7,800,000.00 9,000,000.00 1,140,000.00 3 Magma Sporec Centre 4-storey commercial CL015562348, District of Kota Kinabalu, Sabah Within Damai Point Commercial Centre; Off Jalan Damai, Luyang, 88300 Kota Kinabalu [10.01.2014] 5,800,000.00 9,000,000.00 3,040,000.00 4 Moretune 4-storey commercial (i) TL017511830, (ii) TL017511849, (iii) CL015105674, (iv) CL015138860, District of Kota Kinabalu, Sabah Kilometre 2.5, Jalan Tuaran, in the immediate vicinity of Sunny Garden [08.01.2014] 11,000,000.00 13,200,000.00 2,090,000.00 5 Metro 4-storey commercial with GM 17092, Lot 82748, Section 31, Town of Klang, District of Klang, Selangor and GM 11455, Lot 10788, Mukim of Klang, District of Klang, Selangor [22.04.2013] 17,000,000.00 22,000,000.00 4,750,000.00 2
Book 6 Intan Square 8-storey commercial with PN 15978, Lot 102, Section 27, Town of Petaling Jaya, District of Petaling, Selangor [23.09.2013] 23,000,000.00 27,000,000.00 3,800,000.00 7 Tropicana City Mall 4-storey shopping complex and retail space with 3-storey and 1 block of 24- storey services apartment together with public amenities GRN 54431, Lot No. 45821, Seksyen 39, Bandar Petaling Jaya. District of Petaling, Selangor [19.12.2013] 444,000,000.00 462,000,000.00 11,034,652.00 8 Casa Square 4-storey commercial with HSM 21199, PT 17400, Locality of Batu 10, Jalan Puchong, Mukim and District of Petaling, State of Selangor Raine & Horne [19.09.2013] 45,000,000.00 54,000,000.00 8,550,000.00 9 Bangunan Odeon 1 parcel of commercial land with 21/2 - storey commercial HSD 97436, Lot 2450, Mukim of Batu, District of Kuala Lumpur, Federal Territory of Kuala Lumpur [07.01.2014] 10,200,000.00 11,000,000.00 760,000.00 3
Book 10 Jaya Square 6-storey commercial with 4 levels of commercial space and 2 levels of car park and 1 level of HSD 124212, PT 14, Town of Subang Jaya, District of Petaling, Selangor [08.01.2014] 18,000,000.00 20,000,000.00 1,900,000.00 11 Bangunan Jupiter & Bangunan RSYC 8 parcels of commercial lands with 2 units of double storey detached s and a three storey commercial GRN 4723, 27822, 25984, HSD119062, 34327, 34328, 29428, 37937, Lot 497, 498, 499, PT 133, 512, 513, 504 Section 67 and lot 1160, Town of Kuala Lumpur, District of Kuala Lumpur [18.01.2014] 175,000,000.00 220,000,000.00 42,610,350.00 12 Dijaya Plaza 19-storey office with 2 levels of Geran 74958, 11672 Seksyen 67, Kuala Lumpur [09.01.2014] 125,426,325.00 130,000,000.00 921,227.00 4
Book 13 5 parcels of commercial lands (i) TL107504138, (ii) TL107504147,(iii) TL107504156 (iv)tl107504165 (v) TL107504174, District of Tawau, Sabah TB 1101, Jalan Abaca, Tawau Municipal Centre, Tawau, Sabah. [21.01.2014] 5,656,000.00 6,376,000.00 684,000.00 14 Land with piling work done for a 4-storey showroom CL115355612, District of Lahad Datu, Sabah Jalan Segama,Lahad Datu, Sabah. [27.12.2013] 3,040,000.00 4,200,000.00 (39,586.00) 15 Vacant commercial land TL 017529332, District of Kota Kinabalu, Sabah Along Lebuhraya Pantai Baru sandwiched in between Chinese Chambers of Commerce and Asia City Commercial Centre Phase 1, Kota Kinabalu, Sabah [03.01.2014] 16,900,948.00 17,800,000.00 596,147.00 16 2 adjoining vacant land (i) CL015539992,(ii) CL015540002, District of Kota Kinabalu, Sabah 5,055,120.00 7,000,000.00 1,825,520.00 Lot No. 6 and Lot No. 7, Lorong Kilang D, Off Jalan Lintas, 88100 Kota Kinabalu [08.01.2014] 5
Book 17 Bangunan Tiara 3 storey commercial with other site improvements on 7,614.04 m2 commercial zoned land (i) SL077902179, (ii) TL077555081, (iii) TL077555161, District of Sandakan, Sabah KM 2.0, Jalan Leila, Sandakan, Sabah. [13.01.2014] 12,200,000.00 12,800,000.00 570,000.00 18 Blue 7 4 adjoining lands developed with a 4- storey commercial (i) CL215311658, (ii) CL215311667 (iii) CL215011902, (iv) CL215010807, District of Penampang, Sabah Off Kilometre 6, Jalan Penampang, Kinabalu Sabah. Penampang, Kota [07.01.2014] 26,500,000.00 33,100,000.00 6,270,000.00 19 Penampang Point / KCK Annex 5- storey commercial CL215322660, District of Penampang, Sabah Along Jalan Penampang, in the vicinity of Bandar Penampang Baru, Penampang, Sabah. [07.01.2014] 19,500,000.00 25,090,000.00 5,310,500.00 6
Book 20 5 parcel of contiguous vacant land with old but assessed on potential redevelopment basis (i) CL215377763, (ii) CL215173649 (iii) CL215173658, (iv) CL215278710, (v) CL215278701, District of Penampang, Sabah Kilometre 5, Jalan Penampang, Penampang, Kota KinabaluDistrict of Penampang, Sabah. [09.01.2014] 6,600,000.00 9,000,000.00 1,954,340.00 21 Wisma TT 7 storey stratified commercial with 1 level of PN 74910, Lot 62141, Town of Sunway, District of Petaling, Selangor [11.01.2014] 25,000,000.00 27,000,000.00 1,900,000.00 TOTAL 1,008,178,393.00 1,125,566,000.00 100,142,150.00 Note: * Net of deferred tax 7
of Investment Properties Owned by a Jointly Controlled Entity 1 Commercial land 2 parcels of mixed commercial land identified as developer s Plot Nos. 7 and 8, Mukim of Plentong, District of Johor Bahru, Johor. [23.12.2013] Book 21,467,000.00 106,300,000.00 80,360,000.00 Note: * Net of deferred tax 8