ASPL Aseana Properties Limited

28 June 2024

Aseana Properties Limited

("ASEANA" or the "Company")

RuMa Residences asset sale update

Aseana Properties Limited (LSE: ASPL), a property developer in Malaysia listed on the Main Market of the London Stock Exchange, announces that it has sold a further 10 units of the unsold RuMa Residences units (the "Units") for 17.9 million RM. Principal debt on these Units of 8.6 million RM will be paid off when the proceeds are received which is expected to occur 90 days from the date of the signing of the Sale and Purchase Agreements ("SPA"). A deposit of approximately 1.8 million RM representing 10% of the purchase price has been received.

The sale of a further 2 units are in progress with value of 4.3 million RM, as we are awaiting to receive the signed SPA's from the buyers.

We continue to work to sell the remaining 35 RuMa Residential units.

For further information:

Aseana Properties Limited

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

                                                                    +44 (0)7738 470550

Grant Thornton UK LLP

Philip Secrett                                            +44 (0)207 383 5100

The information contained within this announcement is deemed to constitute inside information as stipulated under the Market Abuse Regulation (EU) No. 596/2014 which is part of UK law by virtue of the European Union (withdrawal) Act 2018. Upon the publication of this announcement, this inside information is now considered to be in the public domain.