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AIMS PROPERTY SECURITIES FUND M&A Activity 2022

Jun 22, 2022

64402_rns_2022-06-22_8cf8d149-7608-4bb9-a373-543d17b72799.pdf

M&A Activity

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23 June 2022

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ASX & SGX Announcement

AIMS Property Securities Fund (ASX Code: APW | SGX Code: BVP)

Re: Takeover offer received from AIMS Investment Group Holdings Pty Ltd

Dear Unitholders,

AIMS Fund Management Limited (the " Responsible Entity ") as responsible entity of AIMS Property Securities Fund (the " Fund ") notes the disclosure made earlier today by AIMS Investment Group Holdings Pty Ltd (" AIGH ") of a takeover bid for some or all of the units in the Fund (" Units ") that it (together with its associates) does not already own or have a relevant interest in (the " Offer ").

The Offer is a conditional offer for some or all of the Units at A$1.25 per Unit. AIGH is ultimately owned and controlled by Mr George Wang, an executive director of the Responsible Entity. At the date of this announcement, AIGH holds approximately 13.72% of the Units and has, when considered together with its associates, a relevant interest in a total of approximately 43.17% of the Units.

In due course, the independent directors of the Responsible Entity will evaluate and respond to the Offer in the target’s statement, which will include an independent expert's report. As such, Unitholders should take no action in response to the Offer at this stage.

If you have any queries in relation to this announcement, please feel free to contact Claud Chaaya on +61 2 9217 2727 or email [email protected].