Press Release


IGB REAL ESTATE TRUST (“IGB REIT”)
INITIAL PUBLIC OFFERING OF 670,000,000 NEW UNITS IN IGB REIT (“OFFER UNITS”) IN CONNECTION WITH THE LISTING OF IGB REIT ON THE MAIN MARKET OF BURSA MALAYSIA SECURITIES BERHAD

MIH is pleased to announce that the initial public offering of IGB REIT (“Offering”) under which 34,000,000 Offer Units were made available for application by the Malaysian Public has been oversubscribed and balloting of successful applications was conducted this afternoon.

The offering of IGB REIT involves the issuance of 670,000,000 New Units comprising the following :

(i) Institutional Offering, whereby 469,000,000 Offer Units were made available to Malaysian and foreign institutional investors and selected investors; and

(ii) Retail Offering, whereby 34,000,000 Offer Units were made available for application by the Malaysian Public; and 167,000,000 Offer Units were made available for application by the eligible directors and employees of the Manager, the eligible directors and employees of the Sponsor, the eligible directors and employees of the eligible subsidiaries of the Sponsor (excluding the Manager but including the Vendors) and the eligible shareholders of the Sponsor.

A total of 32,781 applications for 773,573,300 Offer Units were received from the Malaysia Public for a total of 34,000,000 Offer Units reserved for public subscription, which represents an oversubscription rate of 21.75 times.

A total of 387 applications for 44,079,000 Offer Units were received from application by the eligible directors and employees of the Manager, the eligible directors and employees of the Sponsor, the eligible directors and employees of the eligible subsidiaries of the Sponsor (excluding the Manager but including the Vendors) under the Reserved Units, which represents a subscription rate of 94%. A total of 2,339 applications for 98,402,444 Offer Units were received under the eligible shareholders of the Sponsor category which represents a subscription of 82%.

Pursuant to the Clawback and Reallocation provision of the Prospectus dated 27 August 2012, the 24,518,556 Offer Units initially set aside for the eligible directors and employees of the Manager, the eligible directors and employees of the Sponsor, the eligible directors and employees of the eligible subsidiaries of the Sponsor (excluding the Manager but including the Vendors) and the eligible shareholders of the Sponsor were made available to the Malaysian Public.

The Joint Bookrunners for the Offering have confirmed that Institutional Offering of 469,000,000 Offer Units has also been oversubscribed. Following the completion of the bookbuilding exercise under the Institutional Offering, the institutional price was fixed at RM1.25 per Offer Unit. Accordingly, the final retail price for the Retail Offering was fixed at RM1.25 per Offer Unit.

All notices of Allotment for the Offer Units under the Retail Offering will be mailed to successful applicants on or before September 20, 2012.

In respect of the Offering :

(i) the Joint Principal Advisers and Joint Managing Underwriters are CIMB Investment Bank Berhad (“CIMB”) and Hong Leong Investment Bank Berhad (“HLIB”);
(ii) the Joint Global Coordinators are CIMB, Credit Suisse (Singapore) Limited (“Credit Suisse”) and HLIB;
(iii) the Joint Bookrunners for the Institutional Offering are CIMB, Citigroup Global Markets Limited, Credit Suisse Securities (Malaysian) Sdn Bhd, Credit Suisse, DBS Bank Ltd, Deutsche Bank AG, Hong Kong Branch, Goldman Sachs (Singapore) Pte, HLIB, JP Morgan Securities plc, Maybank Investment Bank Berhad (“Maybank IB”) and The Hong Kong and Shanghai Banking Corporation Limited, Singapore Branch; and
(iv) the Joint Underwriters for the Retail Offering are AmInvestment Bank Berhad, CIMB, HLIB and Maybank IB.