29 August 2024

Aseana Properties Limited

("ASEANA" or the "Company")

RuMa Residences sale update

Aseana Properties Limited (LSE: ASPL), a property developer in Malaysia, listed on the Main Market of the London Stock Exchange, announces that is has now received full payment for each of the 10 RuMa Residences (the "Units") that it announced had been sold on 29 April 2024 as well as 2 of the 12 Units that were included in the Company's announcement on 28 June 2024.  The total proceeds of 19.8 million RM have been used to repay the principal debt of 15.4 million RM on those Units and to meet other debt obligations and costs associated with the Units.  With respect to the other 10 RuMa Residences in the Company's announcement on 28 June, the Company has now received 1.8 million RM in deposits and completion of these sales is expected on or before 31 October 2024.

The Company has also signed sale and purchase agreements for a further 10 RuMa Residences bringing the total sold units to 32, with the latest agreements expected to complete on or before 30 November 2024.

The remaining 25 RuMa Residences are still available for sale.

For further information:

Aseana Properties Limited

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

                                                                         +44 (0)7738 470550

Grant Thornton UK LLP

Philip Secrett, Elliot Peters                          +44 (0)207 383 5100