ASPL Aseana Properties Limited

7 March 2024

Aseana Properties Limited

("Aseana" or the "Company")

Director Loans

Aseana Properties Limited (LSE: ASPL), a property developer in Malaysia listed on the Main Market of the London Stock Exchange, announces that further to the notification on 29 January 2024 that the Company was seeking to raise short term finance of up to US$2 million for working capital purposes, three loan agreements have been signed for an aggregate amount of US$1 million, one of which is with a Director of Aseana and one of which is with an associate of a Director of Aseana and all of which are on the same terms. The loans have a term of up to 12 months, bear an interest rate of 15% per annum payable on the date of repayment and will be secured by charges over units in the RuMa Hotel and Residence. Further loans on the same terms are expected to be arranged in due course. 

For further information:

Aseana Properties Limited

Nick Paris, Non-Executive Chairman   nickparis@btinternet.com

                                                                    +44 (0)7738 470550

Grant Thornton UK LLP

Philip Secrett, Enzo Aliaj                         +44 (0)207 383 5100