2 April 2024

Aseana Properties Limited

                                                                      ("Aseana" or the "Company")

Settlement Condition satisfied

Aseana Properties Limited (LSE: ASPL), a property developer in Malaysia listed on the Main Market of the London Stock Exchange, is pleased to announce that all conditions pursuant to the Settlement Agreement have been satisfied and the 38,837,504 ordinary shares transferred from ICB to the Company have been cancelled (the "Share Cancellation").

Following the Share Cancellation, the Company has an issued share capital of 173,187,496 ordinary shares of US$0.05 each with one vote per ordinary share, and 2 Management Shares of $0.05 each, with one vote per Management Share.  The figure includes 13,334,000 ordinary shares which are held in treasury. Voting rights on treasury shares are not exercisable.

Therefore, the total number of voting rights in Aseana is 159,853,498 and this figure may be used by shareholders as the denominator for the calculations by which they can determine if they are required to notify their interest in, or a change to their interest in the Company under the Rules.

Capitalised terms used but not defined in this announcement have the meanings set out in the Circular.

For further information:

Aseana Properties Limited

Nick Paris, Non-Executive Chairman   nickparis@btinternet.com

                                                                    +44 (0)7738 470550

Grant Thornton UK LLP

Philip Secrett, Enzo Aliaj                         +44 (0)207 383 5100