Am ARA REIT Managers  Sdn Bhd (“Am ARA”), the Manager of AmFIRST Real Estate Investment Trust (“AmFIRST”) is pleased to announce the appointment of Encik Zuhairy bin Md Isa ("Encik Zuhairy") as its Acting Chief Executive Officer (“CEO”) with effect from 1 August 2013.

Encik Zuhairy will replace the out-going CEO, Mr. Lim Yoon Peng who would be retiring due to personal reasons. Mr. Lim has been the CEO of Am ARA since 15 August 2008 and was instrumental in growing the asset base of AmFIRST  to RM1.28 billion as at 31 March 2013, a significant increase of 53%. During his tenure, AmFIRST undertook a rights issue exercise to strengthen the balance sheet via reduction in gearing to a manageable level to enable AmFIRST to grow its assets under management.

Am ARA welcomes Encik Zuhairy as its Acting CEO taking on from his present position as the Head of Asset Management of Am ARA since 15 April 2008 having been responsible for overseeing property management, marketing and leasing, and the implementation of organic growth strategies to enhance the performance of AmFIRST’s portfolio via asset enhancement initiatives. Over the years, he has acquired in-depth experience and expertise in the areas of asset management, acquisition, risk and compliance as well as participated in investor relations and strategic corporate exercises. He will continue to drive the growth strategies of AmFIRST.

This announcement is dated 31 July 2013.