Plantation Assets Portfolio

DETAILS OF THE PLANTATION ASSETS

The details of the plantation assets owned by the Fund as at 30 June 2008 are as follows:

Bekoh Estate

	Tenant	:	Boustead Properties Berhad
	Location	:	Approximately 13 kilometres north west of Tangkak town, Muar, Johor.
	Description	:	The subject property is known as Bekoh estate with a net land area of
			1,226.1 hectare and planted area of 1,188.4 hectares.
	Tenure	:	Freehold
	Existing use	:	Cultivation of oil palm
	Date of Acquisition	:	29 December 2006
	Cost of Acquisition (RM 000)	:	RM33,510
	Last Valuation (RM 000)	:	RM34,700
	Date of valuation	:	8 June 2006
	Net Book Value (RM 000)	:	RM33,616
	Tenancy period	:	Three years, automatically renewable four times up to twelve years and
			thereafter renewable for up to an additional fifteen years comprising five additional terms of not more than three years.
	Fixed rental per annum (RM 000)	:	RM3,350

Malaya Estate

	Tenant	:	Boustead Properties Berhad
	Location	:	The subject property is located within the precinct of Kubu Gajah, Selama,
			Perak. It is situated in two separate localities due to its two separated
			divisions.
	Description	:	The estate is divided into 24 fields and further subdivided into 2
			divisions. The net land area is 922.1 hectares where 852.9
			hectares is planted area.
	Tenure	:	Freehold
	Existing use	:	Cultivation of oil palm
	Date of Acquisition	:	29 December 2006
	Cost of Acquisition (RM 000)	:	RM20,770
	Last Valuation (RM 000)	:	RM21,500
	Date of valuation	:	13 June 2006
	Net Book Value (RM 000)	:	RM22,457
	Tenancy period	:	Three years, automatically renewable four times up to twelve years and
			thereafter renewable for up to an additional fifteen years comprising five additional terms of not more than three years.
	Fixed rental per annum (RM 000)	:	RM2,164

Kulai Young Estate

	Tenant	:	Boustead Properties Berhad
	Location	:	Along Jalan Alor Bukit, about 15 kilometers north of Pekan Nenas
			town, Johor.
	Description	:	Kulai Young Estate is an oil palm estate with a net land area of 816.2
		:	hectares and planted area of 801.3 hectares.
	Tenure	:	Freehold
	Existing use	:	Cultivation of oil palm
	Date of Acquisition	:	29 December 2006
	Cost of Acquisition (RM 000)	:	RM40,850
	Last Valuation (RM 000)	:	RM42,300
	Date of valuation	:	6 June 2006
	Net Book Value (RM 000)	:	RM40,944
	Tenancy period	:	Three years, automatically renewable four times up to twelve years and
			thereafter renewable for up to an additional fifteen years comprising five additional terms of not more than three years.
	Fixed rental per annum (RM 000)	:	RM2,574

Bukit Mertajam Estate

	Tenant	:	Boustead Properties Berhad
	Location	:	Along the Kulim - Mahang main road (Kelang Baru Division) and
			Batu Puteh- Labu Besar/Karangan main road (Batu Puteh Division),
			Kulim, Kedah.
	Description	:	There are two 2 divisions within Bukit Mertajam estate, Kelang Baru
			Division and Batu Puteh Division. The net land area is 2,173.2 hectares where 2,057.1 hectares is planted area.
	Tenure	:	Freehold
	Existing use	:	Cultivation of oil palm
	Date of Acquisition	:	29 December 2006
	Cost of Acquisition (RM 000)	:	RM96,970
	Last Valuation (RM 000)	:	RM100,400
	Date of valuation	:	12 June 2006
	Net Book Value (RM 000)	:	RM97,653
	Tenancy period	:	Three years, automatically renewable four times up to twelve years and
			thereafter renewable for up to an additional fifteen years comprising five additional terms of not more than three years.
	Fixed rental per annum (RM 000)	:	RM6,983

 

Batu Pekaka Estate

	Tenant	:	Boustead Properties Berhad
	Location	:	Along the Sungai Petani/Baling main road, about 18 kilometres from Sungai
			Petani town, Kedah.
	Description	:	Batu Pekaka estate is divided into 28 blocks of oil palm plantation. The net land
			area is 968.7 hectares where 895.2 hectares is planted area.
	Tenure	:	Freehold
	Existing use	:	Cultivation of oil palm
	Date of Acquisition	:	29 December 2006
	Cost of Acquisition (RM 000)	:	RM38,630
	Last Valuation (RM 000)	:	RM40,000
	Date of valuation	:	6 June 2006
	Net Book Value (RM 000)	:	RM38,939
	Tenancy period	:	Three years, automatically renewable four times up to twelve years and
			thereafter renewable for up to an additional fifteen years comprising five additional terms of not more than three years.
	Fixed rental per annum (RM 000)	:	RM2,330

Chamek Estate

	Tenant	:	Boustead Properties Berhad
	Location	:	It is located along the eastern side of the train tracks next to Kampung
			Chamek. Johor.
	Description	:	The net land area is 816.8 hectares where 802.8 hectares is planted area.
	Tenure	:	Freehold
	Existing use	:	Cultivation of oil palm
	Date of Acquisition	:	29 December 2006
	Cost of Acquisition (RM 000)	:	RM22,020
	Last Valuation (RM 000)	:	RM22,800
	Date of valuation	:	9 June 2006
	Net Book Value (RM 000)	:	RM22,362
	Tenancy period	:	Three years, automatically renewable four times up to twelve years and
			thereafter renewable for up to an additional fifteen years comprising five additional terms of not more than three years.
	Fixed rental per annum (RM 000)	:	RM2,700

Telok Sengat Estate

	Tenant	:	Boustead Heah Joo Seang Sdn Bhd, a subsidiary of Boustead Holdings Berhad
	Location	:	It located along both sides of the road leading to Teluk Sengat village about 28.8
			kilometres southest of Kota Tinggi town, Johor.
	Description	:	Teluk Sengat estate comprises sixty six (66) parcels of land with a net land
			area of 3,692.71 hectares and planted area of 3,538.6 hectares.
	Tenure	:	Freehold
	Existing use	:	Cultivation of oil palm
	Date of Acquisition	:	29 December 2006
	Cost of Acquisition (RM 000)	:	RM138,590
	Last Valuation (RM 000)	:	RM143,500
	Date of valuation	:	8 June 2006
	Net Book Value (RM 000)	:	RM140,542
	Tenancy period	:	Three years, automatically renewable four times up to twelve years and
			thereafter renewable for up to an additional fifteen years comprising five additional terms of not more than three years.
	Fixed rental per annum (RM 000)	:	RM15,107

Telok Sengat Palm Oil Mill

 

	Tenant	:	Boustead Heah Joo Seang Sdn Bhd, a subsidiary of Boustead Holdings Berhad
	Location	:	Teluk Sengat Palm Oil Mill, P.O.Box 513, 81909 Kota Tinggi, Johor
	Description	:	The subject property is held under part of Parent Lot Nos. 1292, Mukim of Johor
			Lama, District of Kota Tinggi, State of Johor. The designated land area is 19.2 hectares. The mill capacity is around 30 MT/hour.
	Tenure	:	Freehold
	Existing use	:	Processing of palm oil
	Date of Acquisition	:	29 December 2006
	Cost of Acquisition (RM 000)	:	RM8,810
	Last Valuation (RM 000)	:	RM9,122
	Date of valuation	:	8 June 2006
	Net Book Value (RM 000)	:	RM14,161
	Tenancy period	:	Three years, automatically renewable four times up to twelve years and
			thereafter renewable for up to an additional fifteen years comprising five additional terms of not more than three years.
	Fixed rental per annum	:	Rental is charged under Telok Sengat Estate

Lepan Kabu Estate

	Tenant	:	Boustead Plantations Berhad
	Location	:	At the 75th kilometer post Kota Bahru/Gua Musang main road, Kuala
			Krai, Kelantan
	Description	:	The subject property comprises eleven parcels of oil palm land. It is
			operated andmanaged as Lepan Kabu estate together with Lepan Kabu Palm Oil Mill. The net land area is 2,036.2 hectares where 1,985.4 is planted area.
	Tenure	:	Freehold
	Existing use	:	Cultivation of oil palm
	Date of Acquisition	:	26 June 2007
	Cost of Acquisition (RM 000)	:	RM67,610
	Last Valuation (RM 000)	:	RM70,000
	Date of valuation	:	12 July 2006
	Net Book Value (RM 000)	:	RM68,109
	Tenancy period	:	Three years, automatically renewable four times up to twelve years and
			thereafter renewable for up to an additional fifteen years comprising five additional terms of not more than three years.
	Fixed rental per annum (RM 000)	:	RM6,384

Lepan Kabu Palm Oil Mill

	Tenant	:	Boustead Plantations Berhad
	Location	:	Kampung Kuala Pahi, 18000, Kuala Krai, Kelantan
	Description	:	The subject property is held under part of Parent Lot Nos. 298 and 691, Mukim
			of Kuala Pahi, District of Kuala Krai, State of Kelantan. The designated land area is 8.0 hectares. The mill capacity is 20 MT/hour.
	Tenure	:	Freehold
	Existing use	:	Processing of oil palm
	Date of Acquisition	:	26 June 2007
	Cost of Acquisition (RM 000)	:	RM4,140
	Last Valuation (RM 000)	:	RM4,284
	Date of valuation	:	12 July 2006
	Net Book Value (RM 000)	:	RM4,140
	Tenancy period	:	Three years, automatically renewable four times up to twelve years and
			thereafter renewable for up to an additional fifteen years comprising five additional terms of not more than three years.
	Fixed rental per annum	:	Rental is charged under Lepan Kabu Estate