CORPORATE PRESENTATIONCLSA Iskandar Malaysia Corporate Access Day

The Fullerton Hotel, Singapore

2 May 2012

DISCLAIMER

• Some of the statements (both written and oral) in this presentation constitute “forwardlooking statements” that do not directly or exclusively relate to historical facts. Theseforward looking statements reflects United Malayan Land Bhd (“UMLand“) currentintentions, plans, expectations, assumptions and beliefs about future events and aresubject to risks, uncertainties and other factors, many of which are outside UMLand’scontrol.

• Important factors that could cause actual results to differ materially from the expectationsexpressed or implied in the forward looking statements include known and unknown risks.As actual results could differ materially from UMLand’s current intentions, plans,expectations, assumptions and beliefs about the future, you are urged to view all forwardlooking statements contained in this presentation with caution.

• This presentation is being furnished to you solely for your information and may not bereproduced or redistributed to any other person. No warranty is given as to the accuracy orcompleteness of the information contained therein. You should perform your ownindependent investigation and analysis of UMLand and consult your own professionaladvisers as to the matters contained therein.

• Please note that UMLand has no intention or obligation to update or revise any forwardlooking statements, whether as a result of new information, future events or otherwise.

• By participating in this presentation, you agree to be bound by the foregoing limitations.

• Information in this presentation are correct as at 2 May 2012.

VISION

To be a property developer of distinction, creating quality lifestyles and communities.

MISSION

To develop a brand that represents quality and

innovation which creates value and is the

preferred choice

OUTLINE

• Who We Are

• Our Development Strategies

• Our Projects

– UMLand in Iskandar Malaysia

– Projects in Klang Valley

• Financial Highlights

• Future Prospects

Who We Are

Who We Are

• Listed on Main Market of Bursa Malaysia Securities Bhd

• Our paid-up capital – RM302 mil

• Our net assets – RM916 mil (as at 31 March 2012)

• Our market capitalisation – RM480 mil (as at 24 April 2012)

• Our major shareholders:

– CapitaLand Group (20.75%)

– Tradewinds Corporation Berhad (7.39%)

– Chee Tat Holdings (S) Pte Ltd (7.39%)

Board of Directors

Seven members with four independent directors

• Tun Musa Hitam, Chairman (INE)

• Dato’ Ng Eng Tee, Deputy Chairman/Executive Director (NINE)

• Datuk Syed Ahmad Khalid Syed Mohammed (INE)

• Datuk Nur Jazlan Tan Sri Mohamed (INE)

• Pakhruddin Sulaiman (INE)

• Syed Azmin Mohd Nursin @ Syed Nor (NINE)

• Ng Eng Soon (NINE)

Our Development Strategies

Our Development Strategies

We are an integrated property development company focusing on two divisions:-

1. Township Division :

• Provision of good infrastructure

• Divestment through catalytic projects

• Provide good amenities & facilities

• Market-oriented products

2. Niche Division :

• Located primarily within Kuala Lumpur and Iskandar Malaysia, Johor

• Joint ventures/Strategic collaborations

UMLand Group

Our Development Structure

Niche Development Township

Seri Alam, Eastern GateSeri Austin, Tebrau Corridor

Seri Putra, Selangor

OngoingSomerset Puteri Harbour, Nusajaya

NewMatex Land, Johor Bahru cityParcel CS3 Puteri Harbour, NusajayaCahaya Baru Land, Eastern GateNSJ-1 Land, Senai-Skudai

OngoingSuasana Bukit Ceylon, KL

NewMayang Land, KL

IskandarMalaysia

Klang Valley

UMLand in

Iskandar Malaysia

Our Presence in Iskandar Malaysia

• UMLand has a strong foothold in the region with projects in 4 out of the 5 flagshipzones of Iskandar Malaysia (total area 2,200 hectares).

• To date, UMLand has over 900 hectares (2,238 acres) of undeveloped land bank inIskandar Malaysia.

• UMLand’s projects and land bank within the four flagship zones of Iskandar Malaysia:

Zone Development Projects / Land

A Matex Land, Johor Bahru City Centre

B Somerset Puteri Harbour, Nusajaya

Parcel CS3 Puteri Harbour, Nusajaya

Medini Land (new)

D Seri Alam Township in the Eastern Gate

Seri Austin Township in Tebrau Corridor

Cahaya Baru Land in the Eastern Gate

E NSJ-1 Land at North-South Junction 1, Senai-Skudai

Our Projects in Iskandar Malaysia

Cahaya Baru Land

Seri Alam Township

Seri Austin Township

NSJ-1 Land

Somerset Puteri

Harbour

Matex Land

Parcel CS3 Puteri Harbour

A Johor Bahru City

B Nusajaya

C Western Gate Development

D Eastern Gate Development

E Senai-Skudai

Senai

International

AirportJohor

Premium

Outlets

Medini Land

Ongoing Development

Undeveloped Land Bank

Townships in Iskandar Malaysia

•Seri Alam

•Seri Austin

Seri Alam & Seri Austin - Location

JB

CBD

4 KM

2.2 KM

PASIR

GUDANG

Seri Alam – Kota Putri

Interchange Access

Seri Alam – Rinting

Interchange Access

SINGAPORE

Eastern Dispersal LinkWest Coastal Highway

Danga Bay to Nusajaya

JB

CBD

Seri Alam

•Land Area:– Gross area: 1,522 ha (3,762 acres) ; Balance: 448 ha (1,107 acres) (GDV3b)

– 6,633 units launched (96% sold)

•Population:– Current: 61,000

– Estimated upon full completion: 150,000

•Existing Amenities:– Eastern District Police HQ, 4 police stations

– Two hypermarkets (Tesco & Today’s Market)

– Regency Medical Centre (260-bedded hospital)

– Christine Golf Resort (18-hole golf course), hotel and serviced residences

– Japanese International School and 6 national schools

– McDonald’s Drive-Thru

– Big Valley Ranch resort for country stay and horse riding

– High speed broad band ready for launches from 2011 onwards

Seri Alam - Facts

•City of Knowledge:– The Education Hub of Eastern Gate, Iskandar Malaysia– Schools:

• 5 National schools• 1 Chinese school• Japanese International School • Excelsior International School (collaboration with Raffles Campus Pte Ltd, SG)

– Universities and Colleges: • MARA College• Universiti Kuala Lumpur• Masterskill University of Health Sciences• MARA University of Technology (UiTM) • Malaysia Art School• HELP University College Johor campus (collaboration with HELP Group)

•Proposed transportation hub :– Connecting eastern gate development to the whole of Iskandar – Linking to JB city centre

Seri Alam, The City of Knowledge

commenced in 2011

under construction

Seri Austin

•Land area:– 202-ha (500 acres) site; Remaining 64 ha (158 acres) (GDV RM0.7 bil)

– 2,003 units launched (82% sold)

•Project details:– No low cost component

– Double storey terrace and cluster houses

– Recent launches features of high end products comprising bungalows, semi-Ds and cluster homes on Seri Austin Hills, commanding a view of the lush greenery and serenading lake

– High Speed Broad Band equipped

– Amenities include two 36-hole golf course and country club resort, shopping malls, hypermarkets, educational and medical facilities

– Future launches will focus on higher end strata developments such as condominiums

Seri Austin - Facts

Niche Developments in Iskandar Malaysia

• Somerset Puteri Harbour, Nusajaya

• Matex, Johor Bahru City

• Parcel CS3 Puteri Harbour

Location:

• Puteri Harbour, Nusajaya, Iskandar Malaysia• Adjacent to Traders Hotel and Indoor Theme Park

Developer:• Nusajaya Consolidated Sdn Bhd

(50% JV with UEM Land)

Somerset Puteri Harbour

Project Facts:• Luxury boutique waterfront apartments (168 units, with retail component)• Retail component pre-sold to a unit of Khazanah Holdings in Feb 2011 for RM46 mil.• The Ascott Group will operate Somerset Puteri Harbour serviced residences• Leaseback arrangement with guaranteed minimum returns of 5% for two years

Launch details:• Launched in Feb 2012, 89% take up

Matex Land

Developer: Exquisite Mode Sdn Bhd (100%)

Location: On Jalan Wong Ah Fook, opposite

KOMTAR, within walking distance from City Square, within Johor Bahru City Centre

Project details: 0.6-ha (1.5 acres) freehold site

Riverfront serviced residences , hotel with retail components in line with JB City Hall’s river transformation-cum-beautification project

Targeted launch in 2H2012

Parcel CS3 Puteri Harbour

Developer:

Nusajaya Consolidated SdnBhd (50% JV with UEM Land Bhd)

Location:

Situated close to SomersetPuteri Harbour, Nusajaya

View of the private marina

Project details:

2.7-ha (6.7 acres) freehold site

Mixed development –commercial and residential

Concept development being finalised

A3 – Somerset Puteri HarbourCS3 – Mixed development

A3

CS3

Other Land Bank in Iskandar Malaysia

•Cahaya Baru Land

•NSJ-1 Land

•Medini Land

Cahaya Baru Land

– 135 hectares (333 acres) of land located 10 km east of Seri AlamTownship within the Eastern Gate Development

– Strategic location with the new Senai-Desaru Highway cutting across the land and in close proximity to Seri Alam township and Tanjung Langsat Port and Pengerang. The two area have been earmarked to be developed into a petrochemical and oil and gas hub.

– The land was acquired at RM4.33 psf

– Proposed development of a logistic cluster supplemented by industrial and commercial developments.

Senai-

Desaru

Highway

Cahaya Baru Land - Location

North-South Junction 1 (NSJ-1) Land

– 51:49 joint venture with Tradewinds Berhad

– 255-hectares (629 acres) land located at the North-South Junction 1 within the Senai – Skudai flagship zone, with 1 km stretch fronting the Second Link Highway extending to the North South Expressway

– Situated close to Johor Premium Outlet and Johor Technology Park

– Proposed development of a commercial/logistic/ transportation hub and industrial park with some residential component.

TOLL

TOLL

Proposed Access Road

To

Nusajaya

To

Johor Bahru

Second LinkHighway

North-South Expressway

To Senai Airport

Senai-Desaru Highway

Senai-Skudai Highway

UTM

Proposed Interchange

NSJ-1 Land - Location

Johor Premium Outlet

NSJ-1Land

Medini Land

– In March 2012, UMLand signed a Collaboration Agreement with IskandarInvestment Berhad

– Proposed acquisition of land in Medini for future development.

– Spanning over 902 hectares (2,200 acres), Medini is one of Nusajaya’s 8 catalyst developments (Johor State New Administration Centre, PuteriHarbour, Southern Industrial and Logistic Cluster, Afiat Healthpark, EduCity, International Destination Resort and Nusajaya Residences)

– RM4 billion has been committed by the government on developing the infrastructure for Medini.

Projects in Klang Valley

Projects in Klang Valley

Niche

• Suasana Bukit Ceylon

• Mayang Land

Township

• Seri Putra

Seri Putra

NORTH

SOUTH

HIGHWAY

Towards

KLIA

To KL

PUTRA-MAHKOTA

INTERCHANGE

• Fronting the North-South Expressway

• Served by Putra-Mahkota Interchange to North South Highway

Bangi

town

CyberjayaPutrajaya

Seri Putra - Location

•Developer:– Bangi Heights Development Sdn Bhd (70% subsidiary)

– Joint venture with CapitaLand Group (30%)

•Land area:– 363-ha (898 acres) site; Remaining 84 ha (208 acres) (GDV RM0.7 bil)

– 4,690 units launched (98% sold)

•Project details:– Mix of affordable and concept developments comprising double storey terrace,

cluster houses, semi detached and bungalow houses

– Freehold status compared to the surrounding housing areas which are predominantly leasehold status

– Amenities include primary and secondary school, National health clinic

– Remaining land for commercial development, premier hilltop bungalows, upper end residential units

Seri Putra - Facts

Suasana Bukit Ceylon

Developer: Exquisite Skyline Sdn Bhd (100%)

Location: Persiaran Raja Chulan, Bukit Ceylon

Within the Kuala Lumpur CBD

Freehold site of 0.6 ha (1.5 acres)

Project facts: 34 storey condo with 310 units of serviced residences

Construction of main building in progress

Target completion by end 2013

Sales facts: 80% take up

Mayang Land

Developer: Alpine Return Sdn Bhd

(JV with Bolton Bhd 50:50)

Location: Dual frontage at Jalan Mayang &

Jalan Yap Kwan Seng

Vicinity of KLCC, within walking distance to Petronas Twin Towers

Project details: 1.7-ha (4.3 acres) freehold site

Approx. 1.5 mil sq. ft. of prestigious commercial and residential development

Financial Highlights

Revenue & Profit Growth

397

209172

323317

47-3

55 52 56.9

-50

0

50

100

150

200

250

300

350

400

450

2007 2008 2009 2010 2011

RM million

Revenue PATMI

Per Share Data 2007 2008 2009 2010 2011

Net assets (RM) 3.45 3.38 3.56 3.64 3.04

Earnings (Sen)* 15.7 (1.1) 18.2 17.1 18.9

Gross Dividend (Sen) 10.0 2.50 9.76 7.65 7.50^

Net Dividend (Sen) 7.40 1.90 7.50 7.50 7.50^

Dividend payout ratio (%) 38 N/A 33 35 40^

* earnings per share for comparative period has been restated to reflect the bonus issue completed in August 2011

^final net dividend of 5.00 cent per share for FY 2011 is subject to shareholders’ approval in the upcoming AGM.

Gearing

Low Gearing

833 816858 879

916

143

250187

130

274

0

100

200

300

400

500

600

700

800

900

2007 2008 2009 2010 2011

RM million

0%

5%

10%

15%

20%

25%

30%

35%

40%

45%

50%

Gearing

Ratio

Shareholders' funds Borrowings Gearing Ratio

2007 2008 2009 2010 2011

Gearing ratio 0.30 0.34 0.22 0.15 0.16

Valuation & Dividend Payout

NA per share RM3.04 (as at 31 March 2012)

Share price RM1.58 (as at 31 March 2012)

Latest Share Price

As at 31 March 2012 RM1.58

Trading at 48% discount to NA

Dividend (Gross) (Net) Payout Ratio

2007 10 sen 7.4 sen 38%

2008 2.5 sen 1.9 sen N/A

2009 9.76 sen 7.5 sen 33%

2010 7.65 sen 7.5 sen 35%

2011^ 7.50 sen 7.5 sen 40%

^final net dividend of 5.00 cent per share for FY 2011 is

subject to shareholders’ approval in the upcoming AGM.

FY2011 vs FY2010

Continuous growth + Consistent dividend payout

10

14

2

%

51.6

74.3

Change

316.9

FY2010

RM mil

FY2011

RM mil

Revenue

Profit before tax

Profit after tax & MI

323.5

80.8

56.9

1017.12

Basic EPS (sen) 18.87

(16)3.64

NA per share (RM) 3.04

-7.50Net Dividend/share (sen) 7.50 -

4Q 2011 vs 4Q 2010

(29)

(28)

(13)

%

26.0

33.1

Change

88.3

4Q10

RM mil

Revenue

4Q11

RM mil

Revenue

Profit before tax

Profit after tax & MI

76.8

23.9

18.5

(57)10.77Basic EPS (sen) 6.14

(16)3.64NA per share (RM) 3.04

Future Prospects

Growth Impetus – Niche Projects

New niche developments – 2012 and beyond

Matex Land- 0.6 ha (1.5 acre) Serviced residences and hotel with retail components located within JB City- Estimated launch end 2012.

Parcel CS3 Puteri Harbour (JV with UEM Land)- 2.7 ha (6.7 acres) of land for mixed development

Mayang Land (JV with Bolton Berhad)- 1.7 ha (4.3 acres) High end residential and commercial within KLCC vicinity

Cahaya Baru Land- 134.6 ha (333 acres) land in Cahaya Baru Area, Eastern Gate of Iskandar Malaysia- Proposed logistic cluster with industrial and commercial components.

NSJ-1 Land (JV with Tradewinds)- 254.6 ha (629 acres) of land for commercial/ logistics/ transportation hub, industrial park and residential at Senai-Skudai zone

UMLAND’S POTENTIAL

UMLand has the potential to grow

Good support from our corporate shareholders

Sizeable land bank of 990 hectares (2,450 acres)

Complimentary two-pronged strategy – Townships & Niche Projects

Estimated GDV: RM1.0 bil in 2012, RM8.1 bil in 2013 and beyond

Shares trading at a 48% discount to NA

Consistent dividend payment exceeding our dividend policy of 25% payout ratio

Low gearing at 0.16

Head, Investor Relations

Ms Leong Chooi Kuen

Tel. no: +603 2142 1611 ext. 108

Email: ir@umland.com.my

Please feel free to contact us and visit our IR Website

www.umland.com.my/ir

Office address:

Suite 1.1 First Floor

Kompleks Antarabangsa

Jalan Sultan Ismail 50250

Kuala Lumpur