We refer to our earlier announcement dated 3 November 2017 (Announcement) in relation to the Shareholders’ Agreement with Cainiao HK for the purpose of implementing and carrying out the development of a regional e-Commerce and logistics hub, comprising the development of cargo terminals, sorting centres, warehouses and fulfillment centres and other facilities for e-commerce industry, in the KLIA Aeropolis as part of the Digital Free Trade Zone (DFTZ) initiative in Malaysia. Unless otherwise stated, the terms used herein shall have the same meaning as defined in the Announcement.

The Board of Directors of MAHB (Board) wishes to announce that the SHA has come into effect today and accordingly, Cainiao HK and MA eLogistics have completed their subscription of shares in the JV Company in the proportion of 70% and 30% respectively.

The Board also wishes to announce that with the Shareholders’ Agreement becoming effective today, Malaysia Airports (Sepang) Sdn. Bhd. (Company No. 320480-D) (MA (Sepang)), a wholly-owned subsidiary of MAHB, has entered into a sublease annexure with the JV Company and Federal Lands Commissioner (Sublease) for a sublease to be granted by MA (Sepang) to the JV Company in respect of part of the land identified as H.S.(D) 7445 PT No. 29 Bandar Lapangan Terbang Antarabangsa Sepang, Daerah Sepang, Negeri Selangor, measuring approximately 60 acres for a term of 30 years commencing from 3 May 2018 and expiring on 2 May 2048 and under the terms of the sublease annexure, the sublease shall be automatically renewed until 10 February 2069.

This announcement is dated 3 May 2018.