1. INTRODUCTION

KLCC Real Estate Investment Trust ("KLCC REIT"), via Midciti Sukuk Berhad ("Midciti" or the "Issuer"), a special purpose vehicle which is wholly owned by KLCC REIT, through Maybank Trustees Berhad ("REIT Trustee"), is pleased to announce that the Issuer has upsized the Sukuk Murabahah Programme from RM3.0 billion to RM4.0 billion in nominal value ("Upsizing of Sukuk Murabahah Programme") and revised certain terms and conditions of the Sukuk Murabahah Programme ("Revision of Terms"). The Sukuk Murabahah Programme was initially established on 16 April 2014.

The lodgement with the Securities Commission Malaysia ("SC") for the Upsizing of Sukuk Murabahah Programme along with a notification to the SC on the Revision of Terms have been made on 17 April 2026 pursuant to the Guidelines on Unlisted Capital Market Products under the Lodge and Launch Framework effective on 15 June 2015 and revised on 30 March 2026, as amended from time to time. The Upsizing of the Sukuk Murabahah Programme and the Revision of Terms have taken effect on 16 April 2026 and will be applicable in respect of all outstanding Sukuk Murabahah issuances and such other subsequent issuances of Sukuk Murabahah under the Sukuk Murabahah Programme.

On 24 April 2026, Midciti has successfully made an issuance of Sukuk Murabahah amounting to RM500.0 million in nominal value following the Upsizing of Sukuk Murabahah Programme and the Revision of Terms ("2026 Sukuk Murabahah Issuance").

2. DETAILS OF THE SUKUK MURABAHAH PROGRAMME

The Sukuk Murabahah Programme has a perpetual tenure and allows for the issuance of Sukuk Murabahah from time to time, provided that the total outstanding nominal value of Sukuk Murabahah shall not exceed the upsized Sukuk Murabahah Programme's size of RM4.0 billion at any one time. The Sukuk Murabahah Programme has been accorded a long-term rating of AAA/Stable by RAM Rating Services Berhad.

The proceeds raised from any issuances of Sukuk Murabahah shall be utilised by the Issuer for the following purposes which shall at all times be Shariah-compliant:

1. To advance to KLCC REIT for the purposes laid out below pursuant to Shariah-compliant financing arrangement(s) to be entered into between the Issuer and the REIT Trustee;
2. To redeem and/or pay its existing and future Shariah-compliant financings, including to redeem any Islamic medium term notes issued from the Islamic medium term notes programme of up to RM880 million in nominal value based on the Shariah principle of Musharakah, (including early redemption charges, if any) and maturing Sukuk Murabahah issued under the Sukuk Murabahah Programme; and/or
3. To defray fees, expenses and all other amounts payable under or related to the Sukuk Murabahah Programme.

The REIT Trustee shall utilise the advance(s) received from the Issuer for one or more of the following Shariah-compliant purposes:

1. To redeem and/or pay existing and/or future Shariah-compliant financings undertaken by KLCC REIT for its investment activities (including early redemption charges (if any), capital expenditure and the related acquisition and financing expenses); and/or
2. To finance KLCC REIT's Shariah-compliant capital expenditure, acquisitions or working capital requirements from time to time.

3. ISSUANCE DETAILS

The key terms of the 2026 Sukuk Murabahah Issuance made on 24 April 2026 are as follow:-

1. Issue Size: RM500.0 million
2. Tenure of Issue: 10 years
3. Maturity Date: 24 April 2036
4. Profit Rate: 3.86% per annum

The proceeds raised from the 2026 Sukuk Murabahah Issuance will be utilised by the Issuer to refinance its outstanding Sukuk Murabahah of RM500.0 million in nominal value, maturing on 24 April 2026.

4. ADVISERS

AmInvestment Bank Berhad, CIMB Investment Bank Berhad and Maybank Investment Bank Berhad are the Joint Principal Advisers, Joint Lead Arrangers and Joint Lead Managers for the Sukuk Murabahah Programme.

CIMB Islamic Bank Berhad, Maybank Islamic Berhad and Prof Dato' Dr. Aznan Hasan are the Joint Shariah Advisers for the Sukuk Murabahah Programme.

 

This announcement is dated 24 April 2026.