Date: August 5, 2019

Kingston Properties Limited (KPREIT) has advised that at a duly convened Extraordinary General Meeting of the shareholders of KPREIT, the Company passed a resolution to increase the authorised shares of the Company from 500,000,000 ordinary shares to 1,000,000,000 ordinary shares. KPREIT further advised that the increase in share capital is part of the Company’s strategy to substantially increase its capital base over the next three years, which includes a renounceable rights issue in short order.

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