Pursuant to Paragraph 10.08 (1) of the Main Market Listing Requirements (“MMLR”) of Bursa Malaysia Securities Berhad, the Board of Directors of Rimbunan Sawit Berhad wishes to announce that on 31 December 2018, its wholly owned subsidiary, R. H. Plantation Sdn. Bhd. (Company No. 153619-A) (“RHP”) has entered into three (3) sale and purchase agreements (“SPA”) with Golden Star Ace Sdn. Bhd. (Company No. 487189-U) (“GSA”) to sell three (3) parcels of land together with one (1) unit each of four (4)-storey commercial shophouse erected thereon and the fixtures and fittings relating thereto (“said Property”) for a total consideration of RM4,300,000.00 ("Proposed Disposal").

Further details of the Proposed Disposal are set out in the file as attached.

This announcement is dated 31 December 2018.