LANDMARKS BERHAD ("Landmarks" ,"Company" or "Group") Proposed issue of approximately RM503,000,000 nominal value of redeemable secured bonds ("Proposed Bonds Issue")

1. Introduction
1.1 Alliance Merchant Bank Berhad ("Alliance"), for and on behalf of the Board of Directors of Landmarks, wishes to announce that the Company proposes to restructure a substantial portion of the Group's debts via the issuance of approximately RM503,000,000 nominal value of redeemable secured bonds ("Bonds") to the lenders of the Group.

(i) To date, all the financial institutions (hereinafter referred to as "Lenders") whose loan facilities will be converted into Bonds have agreed in principle to the Proposed Bonds Issue.

1.2 In addition to the Proposed Bonds Issue, Landmarks will be implementing the following as part of the debt restructuring exercise:

(i) Restructuring of approximately RM47 million of debt into a fixed rate term loan ("FRTL"); and

(ii) Restructuring and rescheduling approximately AUD37 million term loan facilities ("AUD Facilities") which involve primarily the extension of the repayment period and the enhancement of the security position.

The Lenders have agreed in principle to item (i) and (ii) above.

2. Details Of The Proposed Bonds Issue
The Proposed Bonds Issue entails the issue of four (4) classes of Bonds, differentiated by coupon rate, yield to maturity ("YTM"), tenure and security arrangements.

The amount of Bonds to be issued shall be the principal amount of the debt owing to the Lenders, inclusive of all accrued interest up to the date of the issue of the Bonds.

The principal terms and conditions of the Bonds are in Table 1 below.