Special Advisory: Kingston Properties Limited (KPREIT)

November 03, 2020

Kingston Properties Limited (KPREIT) has advised that at a meeting of its Board of Directors held on October 27, 2020, the Board agreed to recommend to shareholders that the maximum number of authorized shares of the Company be increased from 1,000,000,000 ordinary shares to 2,000,000,000 ordinary shares. KPREIT has further advised that the Board intends to convene an extraordinary general meeting in due course (subject to, and in compliance with, the prevailing restrictions contained in the orders under the Disaster Risk Management Act), where the following will be put to shareholders for consideration: 1. The proposed increase in the maximum number of authorised shares. 2. Approval to pursue an additional public offering of new ordinary shares. 3. The amendment of the Company’s articles to allow for electronic meetings.

Analyst Certification The views expressed in this research report accurately reflect the personal views of Mayberry Investments Limited Research Department about those issuer (s) or securities as at the date of this report. Each research analyst (s) also certify that no part of their compensation was, is, or will be, directly or indirectly, related to the specific recommendation (s) or view (s) expressed by that research analyst in this research report.

Company Disclosure The information contained herein has been obtained from sources believed to be reliable, however its accuracy and completeness cannot be guaranteed. You are hereby notified that any disclosure, copying, distribution or taking any action in reliance on the contents of this information is strictly prohibited and may be unlawful. Mayberry may effect transactions or have positions in securities mentioned herein. In addition, employees of Mayberry may have positions and effect transactions in the securities mentioned herein.

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