Joint Memorandum Of Appeal To The Government Of Malaysia Not To Reinstate The Real Property Gains Tax From 1st January 2010

17 December 2009

We, the under-signed, representing affected stake-holders from the broad spectrum of the property industry encompassing developers, contractors, builders, industrialists, consultants, house-buyers and property investors wish to hereto submit our joint memorandum and petition to the Government of Malaysia to review and withdraw the proposed re-imposition of the Real Property Gains Tax effective as from 1st January 2010.