Volume #25 - Quarterly Investor Update (Q2 FY2013) 29 August 2013

Malaysia

During the quarter under review, The RuMa Hotel and Residences (“The RuMa”) is progressing well since commencement of sale in March 2013. The Manager had to date held numerous marketing events in major cities within Asia - Kuala Lumpur, Singapore, Hong Kong, Taiwan and Shanghai. With the concerted marketing effort, The RuMa has achieved 22% sales based on sales and purchase agreements signed with a total sales value of about US$49.67 million to date. Sales booking is also encouraging and the Manager is working to convert the bookings into contract of sales. Foundation works for The RuMa started in February 2013 and is expected to complete in September 2013. Construction of the main building works is planned for October 2013.

The sales performance of SENI Mont’ Kiara advanced marginally to 80% compared to 79% recorded in May 2013. The Manager continues to explore all opportunities to drive the sales of SENI Mont’ Kiara.

The 482-room Aloft Kuala Lumpur Sentral Hotel (“Aloft”), managed and operated by Starwood Asia Pacific Hotels Resort Pte. Ltd, has achieved occupancy rate of 56% in July 2013 since its opening in March 2013. Over the next year, Aloft will continue to build up its occupancy rates and improve room rates in order to achieve stabilisation levels.

In Sandakan, the business environment has remained uncertain for a good part of the year, due to an incursion by a small group of armed dissidents in Sabah, until

Highlights• Successfullyachievedsalesstatusof22%basedonsalesandpurchaseagreement

signedatTheRuMaHotelandResidences.

• TheAloftKualaLumpurSentralHotelcommencedbusinesson22March2013,withoccupancyimprovingprogressivelysinceopeningandreaching56%inJuly2013.

• TheFourPointsbySheratonSandakanHotelrecordedanimprovedoccupancyrateof33%inJuly2013.

• Successfully obtained operating license for the City International Hospital in May2013;targetedtocommenceoperationinSeptember2013.

• Nam Long’s share price improved to VND23,000 per share on 28 August 2013comparedtocarryingvalueofVND16,800pershare.

ASEANA TRACKER

As at 30 June 2013*

NAV/Share :US$0.806RNAV/Share :US$1.326

* calculated based on 212,025,000 voting share capital

Property Portfolio Update

Key Facts

Exchange:LondonStockExchangeMainMarket

Symbol :ASPLLookup :Reuters-ASPL.L

Bloomberg-ASPL.LN

Company Information

Domicile : JerseyIssuedShares : 212,525,000SharesHeldin : 500,000TreasuryVotingShare : 212,025,000CapitalShare : USDollarsDenominationManagementFee : 2%ofNAVPerformanceFee : 20% of the out

performance NAVoveratotalreturnhurdle rate of10%

AdmissionDate : 5April2007InvestorReporting: QuarterlyFiscalYearEnd : 31DecemberFinancials : Semi-annual

review;annualaudit

For additional information please refer towww.aseanaproperties.com

Registered Address

12CastleStreetSt.Helier,JerseyJE23RTChannelIslands

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Sales Update

Projects % Sales*

The RuMa Hotel and Residences

22%

Tiffani by i-ZEN 96.5%SENI Mont’ Kiara 80%KL Sentral Office Towers & Hotel

100%

* Based on sales and purchase agreements signed. Please see Snapshot of Property Portfolio (Pages 3 and 4) for further information

15 August 2013

The RuMa Hotel and Residences

Volume #25 - Quarterly Investor Update (Q2 FY2013) 29 August 2013

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Construction Update July 2013

Pilling works commenced in February 2013 with completion expected in September 2013.

Phase 1: City International HospitalThe construction was completed at end of March 2013. Currently undergoing testing and commissioning of all hospital facilities with commencement of operation expected in September 2013.

Malaysian security forces successfully overcame them in March 2013. Travel advisory notices from United Kingdom and Australia have been lifted in July 2013 but those from US, Canada and New Zealand still remain in place. To date, Harbour Mall Sandakan is 40.8% tenanted, a slight decrease compared to May 2013 due to termination of two tenancy agreements. The Manager is currently concluding a number of new tenancies which will increase the tenancy rate of the Mall to 45% over the next 3 months. The Four Points by Sheraton Sandakan Hotel recorded an improved occupancy rate of 33% in July 2013, against year-to-date of 26% as at May 2013.

Vietnam

The City International Hospital (“CIH”), the maiden project at the International Hi-Tech Healthcare Park, Ho Chi Minh City, was completed in March 2013. Testing and commissioning of all hospital facilities and medical equipment are on-going. The hospital has successfully obtained its operating license on 31 May 2013 from Vietnam’s Ministry of Health and is expected to commence operation in September 2013.

In addition, Aseana has also successfully sold and collected proceeds for two plots of land within the IHTHP for a total of US$7.4 million (VND 155 billion) in July 2013. The sale price is in line with the ascribed valuation in the RNAV figures. The proceeds from the sale went towards the repayment of a bank loan and for working capital purposes.

Despite the challenging economy, Nam Long’s share price improved to VND 23,000 per share on 28 August 2013 compared to carrying value of VND16,800 per share. Aseana holds approximately 15.58 million shares representing 16.3% of total outstanding shares of Nam Long.

Property Portfolio Update (cont’d.)

Volume #25 - Quarterly Investor Update (Q2 FY2013) 29 August 2013

Snapshot of Property Portfolio

Seafront Resort and Residential Development Kota Kinabalu, Sabah, Malaysia Resort homes, boutique resort hotel and resort villas Expected GDV: US$170 million Effective Ownership (Resort villas and hotel): 100% Effective Ownership (Resort homes): 80% Project NAV as at 30/6/2013: US$12.79 million Project RNAV as at 30/6/2013: US$16.65 million3 The Board has decided to dispose the land

1 Mont’ Kiara by i-ZEN Kuala Lumpur, Malaysia Office tower, office suites and retail mall Expected GDV: US$166 million Effective Ownership: 100% Project NAV as at 30/6/2013: US$5.69 million Project RNAV as at 30/6/2013: US$5.69 million1 Construction completed in November 2010; 100% sold; Final payment of approximately US$0.8 million subject to issuance of strata titles.

SENI Mont’ Kiara Kuala Lumpur, Malaysia Luxury condominiums Expected GDV: US$490 million Effective Ownership: 100% Project NAV as at 30/6/2013: US$74.70 million Project RNAV as at 30/6/2013: US$85.70 million2 Construction completed in April 2011 (Phase 1) and October 2011 (Phase 2); 80% sold; Targeted sales: 95% by 2013

Kuala Lumpur SentralOffice Towers and Hotel Kuala Lumpur, Malaysia Two office towers and a boutique business hotel Expected GDV: US$256 million Effective Ownership: 40% Project NAV as at 30/6/2013: -US$1.18 million Project RNAV as at 30/6/2013: US$7.10 million2 100% sold with hand-over and payment for office towers in December 2015; Leasing activities for office towers underway; Construction completed in December 2012

Sandakan Harbour Square Sandakan, Sabah, Malaysia Phases 1 & 2: Retail lots; Phase 3: Harbour Mall Sandakan; Phase 4: Four Points by Sheraton Sandakan hotel Expected GDV: US$170 million Effective Ownership: 100% Project NAV as at 30/6/2013: US$19.60 million Project RNAV as at 30/6/2013: US$30.93 million3 Retail lots: Construction completed and 100% sold; Harbour Mall Sandakan and Four Points by Sheraton Sandakan hotel commenced operation in 2012; Planned sale in year 2015

The RuMa Hotel & Residences Project Kuala Lumpur, Malaysia Luxury residences and boutique hotel Expected GDV: US$197 million Effective Ownership: 70% Project NAV as at 30/6/2013: US$10.72 million Project RNAV as at 30/6/2013: US$10.72 million1 Construction work commenced in February 2013 and sales launched in March 2013; 22% sold; Off-plan sales for residences and hotel suites; Completion expected by Q4 2016

Aloft Kuala Lumpur Sentral Hotel Kuala Lumpur, Malaysia Business-class hotel Effective Ownership: 100% Project NAV as at 30/6/2013: -US$1.67 million Project RNAV as at 30/6/2013: US$44.17 million3 Hotel managed by Starwood; Opened on 22 March 2013; Planned sale by year 2014

Tiffani by i-ZEN Kuala Lumpur, Malaysia Luxury condominiums Expected GDV: US$124 million Effective Ownership: 100% Project NAV as at 30/6/2013: US$8.11 million Project RNAV as at 30/6/2013: US$8.11 million1 Construction completed in August 2009; 96.5% sold and target to achieve 100% sales by end 2015

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Volume #25 - Quarterly Investor Update (Q2 FY2013) 29 August 2013

Snapshot of Property Portfolio (cont’d)

Notes1 Projects carried at cost.2 Marketvaluebasedonthevaluationpreparedondiscountedcashflowsbyinternationalindependentvaluersasat30June2013,whichexcludesanytaxes;

whethercorporate,personal,realpropertyorotherwise,thatarepayable.TheseMarketvaluesarefurtheradjustedforassumedtaxesbytheManager.3 Market value based on residual/comparison/investment method of land /property value by international independent valuers.4 Fairvaluedeterminedwithreferencetoprevailingfactorsasat30June2013includingtheeconomicconditionsandmarketconditionsoftheHoChiMinhStock

Exchange.5 All NAV and RNAV data are unaudited.

Exchangerate–30June2013:US$1:RM3.1606;US$1:VND21,170;31March2013:US$1:RM3.0931;US$1:VND20,942(Source:BankNegaraMalaysia,StateBank of Vietnam)

International Hi-Tech Healthcare Park Binh Tan District, Ho Chi Minh City, Vietnam Commercial and residential development with healthcare theme Expected GDV: US$670 million Effective Ownership: 66.8% Project NAV as at 30/6/2013: US$18.66 million Project RNAV as at 30/6/2013: US$48.50 million3 Phase 1: CIH to be managed by Parkway Holdings Limited; Construction completed in March 2013 and business commencement expected in September 2013; Planned partial divestment of CIH in short term and full divestment by year 2016; Other parcels of land to be developed or sold on as-is basis

Waterside Estates Waterside Estates District 9, Ho Chi Minh City, Vietnam Villas and high-rise apartments Expected GDV: US$100 million Effective Ownership: 55% Project NAV as at 30/6/2013: US$8.82 million Project RNAV as at 30/6/2013: US$8.82 million1 Sales launch for Phase 1 (Villas) targeted for H1 2014; Expected construction completion on 2016

Equity Investment in Nam Long Investment Corporation Ho Chi Minh City, Vietnam Listed equity investment Effective Ownership: 16.3% Project NAV as at 30/6/2013: US$16.94 million4 Project RNAV as at 30/6/2013: US$16.94 million4 Listed on Ho Chi Minh Stock Exchange on 8 April 2013; Share price improved to VND23,000 per share to date

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Volume #25 - Quarterly Investor Update (Q2 FY2013) 29 August 2013

Share PerformanceSh

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Aseana Properties Limited (ASPL:LN) Price Chart

Dec-12 Jan-13 Feb-13Nov-12Oct-12Sep-12 Mar-13 Apr-13 May-13Aug-12Jul-12Jun-12 Aug-13Jul-13Jun-13

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Advisors & Service Providers Contact Information

Dec-12 Jan-13 Feb-13 Mar-13 Apr-13 May-13Nov-12Oct-12Sep-12Aug-12Jul-12Jun-12 Aug-13Jul-13Jun-130

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Aseana Properties Limited (ASPL:LN) Volume Chart

52 weeks high of US$0.45052 weeks low of US$0.365Current as at 28/8/2013 of US$0.420

Development Manager

Ireka Development Management Sdn Bhd

Financial Advisor

Murphy Richards Capital LLP

Corporate Broker

N+1 Singer

Auditor KPMG Audit Plc

Company Secretary

Capita Secretaries Limited

Malaysia Office

Level 18, Wisma Mont Kiara No. 1 Jalan Kiara Mont’ Kiara 50480 Kuala Lumpur Malaysia Tel : +603 6411 6388

Vietnam Office

Unit 4 & 5, 10th Floor Vinamilk Tower 10 Tan Trao Street Tan Phu Ward, District 7 Ho Chi Minh City Vietnam Tel : +848 5411 1233

Development Manager

Ireka Development Management Sdn Bhd

Website www.ireka.com.my

Company Aseana Properties LimitedWebsite www.aseanaproperties.com

Chief Executive Officer

Mr. Lai Voon Hon voonhon.lai@ireka.com.my

Chief Financial Officer

Ms. Monica Lai monica.lai@ireka.com.my

Chief Investment Officer

Mr. Chan Chee Kian cheekian.chan@ireka.com.my

Valuation MethodologyThe Realisable Net Asset Value of the Company as at 30 June 2013 has been computed by the Company based on the Company’s management accounts for the period ended 30 June 2013 and the Market Values of the property portfolio as at 30 June 2013. The Market Value of the property portfolio is determined on a discounted cash flow basis, comparison method, residual method or investment method on land or properties values by an independent firm of valuers. The Market Values, excluded any taxes; whether corporate, personal, real property or otherwise, that are payable. The valuations by independent firm of valuers have been performed in accordance with the International Valuation Standards (“IVS”) or in accordance with the Royal Institution of Chartered Surveyor Guidelines (“RICS”).In arriving at the Realisable Net Asset Value of the Company, the Company has made assumptions on potential taxes deductible from Market Values, where applicable. These may include corporate income tax, real property gains tax or any transactional taxes, where applicable.

Important NoticeThis document, and the material contained therein, is not intended as an offer or solicitation for the subscription, purchase or sale of securities in Aseana Properties Limited (the “Company”). Any investment in the Company must be based solely on the Listing Prospectus of the Company or other offering document issued from time to time by the Company, in accordance with applicable laws.The material in this document is not intended to provide, and should not be relied on for accounting, legal or tax advice or investment recommendations. Potential investors are ad-vised to independently review and/or obtain independent professional advice and draw their own conclusions regarding the economic benefit and risks of investment in the Company and legal, regulatory, credit, tax and accounting aspects in relation to their particular circumstances.No undertaking, representation, warranty or other assurance, express or implied, is given by or on behalf of either of the Company or Ireka Development Management Sdn. Bhd. or any of their respective directors, officers, partners, employees, agents or advisers or any other person as to the accuracy or completeness of the information or opinions contained in this document and no responsibility or liability is accepted by any of them for any such information or opinions or for any errors, omissions, misstatements, negligence or otherwise.No warranty is given, in whole or in part, regarding the performance of the Company. There is no guarantee that investment objectives of the Company will be achieved. Potential investors should be aware that past performance may not necessarily be repeated in the future. The price of shares and the income from them may fluctuate upwards or downwards and cannot be guaranteed.This document is intended for the use of the addressee and recipient only and should not be relied upon by any persons and may not be reproduced, redistributed, passed on or pub-lished, in whole or in part, for any purposes, without the prior written consent of Aseana Properties Limited.

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Note: Transaction volume > 5 million (i) 26 Sep 12: 5.4 million, (ii) 20 Feb 13: 13.9 million, (iii) 21 June 13: 9.3 million, (iv) 2 July 13: 20.9 million