Aseana Prop. Regulatory News (ASPL)

28 March 2013

Aseana Properties Limited

("Aseana")

Opening of the Aloft Kuala Lumpur Sentral Hotel

Aseana Properties Limited (LSE: ASPL), a property developer in Malaysia and Vietnam, listed on the Main Market of the London Stock Exchange, announces the opening of the Aloft Kuala Lumpur Sentral hotel (the "Hotel") at its Kuala Lumpur Sentral development. The Hotel is managed by Starwood Hotels & Resorts under the 'Aloft' brand.

Comprising 482 rooms, the Hotel is the largest Aloft hotel to open to date in the world and the first in Kuala Lumpur. It is strategically located next to KL Sentral Station, Malaysia's largest transport and transit hub, and is in the vicinity of several corporate offices, the Nu Sentral shopping complex as well as important tourist attractions including Little India of Brickfields, the National Museum, Bird Park and Lake Gardens. The location and design of the Hotel appeal to both leisure and business travellers.

The Hotel offers a number of bars, restaurants and a rooftop infinity pool, which at 30 storeys is the highest level swimming pool amongst all Aloft Hotels. There is also a state-of-the-art ballroom, meeting rooms and banqueting facilities for hosting conferences, meetings, weddings and events.

The Hotel has recently hosted the Mercedes-Benz Stylo Fashion Grand Prix 2013.

Dato' Mohammed Azlan Hashim, Chairman of Aseana Properties Limited, said: "Aseana Properties Limited is thrilled to showcase another iconic hotel after we opened Four Points by Sheraton Sandakan in May 2012. Aloft Kuala Lumpur Sentral will complement the City's hospitality industry with its dynamic blend of decor, music, design and technology."

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Notes to Editors:

London-listed Aseana Properties Limited (LSE: ASPL) is a property developer investing in Malaysia and Vietnam.

Ireka Development Management Sdn Bhd ("IDM") is the exclusive Development Manager for Aseana. It is a wholly-owned subsidiary of Ireka Corporation Berhad, a company listed on the Bursa Malaysia since 1993, which has over 45 years of experience in construction and property development. IDM is responsible for the day-to-day management of Aseana's property portfolio and the introduction and facilitation of new investment opportunities.