Transferable Term Loan Facility Of RM220 Million Taken
By Sungei Wang Plaza Sdn Bhd

1. INTRODUCTION
The Board of Landmarks Berhad ("Landmarks") wishes to announce that Sungei Wang Plaza Sdn Bhd ("SWPSB"), a wholly owned subsidiary company of Landmarks has on 24 December 2001, entered into a loan agreement for a Transferable Term Loan Facility of RM220,000,000 ( "the Facility") .

2. DETAILS OF THE FACILITY
The Facility is for a period of ten (10) years. The principal amount is repayable in instalments commencing from the second anniversary of the drawdown. Interest is payable on a 6 monthly basis. The interest rate for half of the Facility amount is fixed. The interest rate for the other half is a floating rate based on a margin plus Maybank Base Lending Rate.

The main security for the Facility will be the following:-

(i) a first legal charge under the National Land Code, 1965 over the parcel of land held under Geran No 11043 Lot No 1197 Seksyen 67 located in the Town and District of Kuala Lumpur, and includes the building known as 'Sungei Wang Plaza' and all other buildings and fixtures erected thereon but shall exclude any common properties and units disclaimed pursuant to the terms thereto. This comprises approximately 403,000 net lettable sq. ft. owned by SWPSB representing 52% of the total lettable sq. ft. at the Plaza plus appoximately 1,500 car park bays owned by SWPSB.

(ii) an assignment over all cashflows generated under the land charged after deducting permitted and agreed operational cashflows.