TITIJAYA LAND BERHAD IPO

Company Name: Titijaya Land Berhad
Main Business: Properties development
Board: Main market
Stock Name: TITIJYA
IPO Price: RM 1.50
PAR: RM 0.50
Market Capital: 340 mil shares

Timetable for IPO

Date	Description
11-11-2013	Open application
18-11-2013	Close application
20-11-2013	Ballot result
26-11-2013	Allotment shares
27-11-2013	Listing

Total shares offer: 131,205,000 units (38.59% of total share capital)
1. Total public issue shares: 81,705,000 units. (24.03% of total share capital)
    a. 17,000,000 offer shares for Malaysian public. (5% of total share capital)
    b. 6,000,000 issue shares for eligible directors, employees and persons who have contributed to the success of the group. (1.76% of total share capital)
    c. 34,000,000 issue shares for bumi investors approved by MITI. (10% of total share capital)
    d. 24,705,000 issue shares for private placement to selected investors. (7.27% of total share capital)
2. Total offer for sale shares: 49,500,000 units. (14.56% of total share capital)
    a. 49,500,000 shares for private placement to selected investors. (14.56% of total share capital)

Financial summary:

FYE	Jun 2009	Jun 2010	Jun 2011	Jun 2012	Jun 2013
Revenue (RM '000)	151,112	101,831	137,182	118,252	193,766
Gross Profit (RM '000)	24,822	29,386	43,682	46,602	93,375
PAT (RM '000)	13,413	27,196	22,524	34,140	52,196
Net EPS* (RM)	0.05	0.11	0.09	0.13	0.20
Diluted EPS** (RM)	0.05	0.09	0.08	0.12	0.18

* based on 258 mil shares of RM 0.50.
**based on 290 mil shares of RM 0.50.

Utilisation of proceeds:

Purpose	Total raised (RM '000)	Total raised (%)
Working capital	49,458	40.35
Repayment of bank borrowings	15,000	12.24
Repayment of advances from the previous shareholders of Europe Property	24,300	19.83
Purchase of land bank	30,000	24.48
Listing expenses	3,800	3.10
Total gross proceeds	122,558	100.00

Targeted dividend policy: 30%
Estimated DY: 3.6%

Detail info: Titijaya Land Berhad IPO Prospectus