Status Update #2JULY - DECEMBER 2017

OVERVIEW OF THE TAMAN TUGU PROJECT

PARK RM190m

29%of total

project cost

Conserving and activatingan urban forest parkup to RM190mil

CONNECTORS

27%of total

project cost

RM175m

Connecting the surrounding area with pedestrian-friendly walkwaysup to RM175mil

TRUST

15%of total

project cost

RM100mEstablishment of a national public trust to own and manage the urban forest park, including operations, maintenance, partnerships, and community development until the year of 2030up to RM100mil

ILMU

29%of total

project cost

RM185m

Development of a learningand innovation centreup to RM185mil

The Taman Tugu Project (”TTP”) is a multi-component not-for-profit corporate social responsibility (“CSR”) initiative led by Khazanah Nasional Berhad in collaboration with Dewan Bandaraya Kuala Lumpur (“DBKL”), with the support of various stakeholders including Ministry of Federal

Territories, Ministry of Natural Resources and Environment, Economic Planning Unit (“EPU”), Public Private Partnership Unit (“UKAS”),Forest Research Institute of Malaysia (“FRIM”), and Malaysian Nature Society (“MNS”).

On an overall basis, up to RM650 million has been set aside for the project covering the following four (4) components:

2016 2017 2018 2019 2020Q3 2016 – Project Launch

PARK

Q3 2018 – Surau-Jumaat Community Area,Hiking Trails, Hindu Temple and Park Maintenance Office

Q3 2019 – Camping Site, Observatory Deck, Cafe and Retail

Q3 2020 – Completion of Khazanah ILMU

Q4 2019 – Elevated Jungle Walk, Lake, Wetland Area,Water Play Area, Parking, Lakeside F&B and Events Space

Q1 2020 – Completion of all connectors

Q1 2018 – Incorporation of Trustand tabling of National Trust Bill

KHAZANAH ILMU

TRUST

CONNECTORS

TIMELINES

We are here

Reducing our carbon footprintConserving a 66-acre secondary forest; Preserving >800 trees on site; Adding >4,000 new rainforest trees; all in the heart of the city. By the year 2050, Taman Tugu park will have a carbon surplus of 52,700 tonnes, which is equivalent to emissions from >10,000 passenger vehicles driven for one year.

Adding to public social-recreational spacesA new outdoor attraction; free-to-use recreational facilities including >5km of running and walking trails, children play areas, F&B and event spaces.

Making our city more pedestrian-friendly Better accessibility across various historical, cultural, and recreational sites circa KL Sentral, Taman Botani Perdana, and Tugu Negara.

Contributing to continuous learningA public library, art gallery, and program spaces; free-to-attend programs for various age and interest groups; a volunteering platform to teach.

Appreciating our rainforests betterA rainforest education centre within a secondary forest in the city with periodically updated displays, exhibitions and talks.

Generating up to RM400m per annum for the local economyThis is assuming 10% of tourists to KL stays an extra ½-a-day; this means that the project will pay for itself in less than 2-years.

Encouraging local start-upsCo-working and maker-spaces along with mentoring programmes provide a platform for start-ups to start out.

Improving places of worship for the communityEnhanced Surau-Jumaat Community Area and Hindu Temple to replace existing ones which were built decades ago.

WHY THE TAMAN TUGU PROJECT?

Focus onforest &

sustainability

Leave apositive

footprint

Driveactivation &

inclusiveness

Incubate& develop

goodpractices

Encourageconnectivity

& urbanstitching

Come for the buzzbut learn somethingEnvironmental appreciationLearning opportunities

The forest comes firstSensitive, respectful,and subservient tothe environment

Be energy efficientPassive coolingSolar opportunitiesOptimise daylight

Better safe than sorrySafety by design

Reuse, Recycle, ReduceRecycling and upcyclingForest waste compostingRain water harvesting

Focus on Ops& MaintenanceFit for purpose & functionEasy to operate & maintain

Embrace our diversity Inclusive spaces and activities No communities displacedCourteous to neighbours

Eliminate toxiccompoundsNo VOCsSimple, humble materials

PEOPLE

PROFITPLANET

ASPIRATIONS & SUSTAINABILITY PRINCIPLES

2

3

5

6

7

1

HIGHLIGHTS

Status Update #2 tamantuguproject.com.my 4

August 2017Award of tender for the supply, planting, maintenance, and warranty of >4,000 ethnic Malaysian rainforest trees

December 2017Greenovation Bench and Gazebo Design Competition Finalists Briefing Session

October 2017Engagement session with the Kuala Lumpur running community and running event organisers

September 2017YAB Prime Minister planting the endangered Belian Tree at the Hari Hasanah event @ Taman Tugu

November 2017MoU signing with two communities to form onecommittee to oversee the new Hindu temple

July 2017Award of tender for the Surau-Jumaat Community Area and Hoarding to Hakikat Engineering Sdn Bhd (“Hakikat”)

Status Update #2 tamantuguproject.com.my 5

On 4th September 2016, Prime Minister YAB Datuk Seri Najib Tun Razak launched the Taman Tugu Project, encompassing 4 components which covers the creation of an urban forest park for the public, enhancing pedestrian connectivity circa the KL Sentral-Taman Botani Perdana-Tugu Negara area, development of a learning and innovation centre, and establishment of a national public trust to own and manage the urban forest park.

Public EngagementOngoing public engagement sessions were held with various communities to provide better clarity on the project and to gather feedback on ways to better the outcome of the project. A range of sessions were held with governmental organisations, civil society partnerships, residents’ associations and various NGOs. These engagements are fundamental towards better shaping the elements within the Taman Tugu Project and to ensure the public spaces created are optimally used.

Besides the engagement sessions, the Greenovation Bench and Gazebo Design Competition was organised in collaboration with Institute Landscape Architect Malaysia (“ILAM”) to encourage public contribution and participation towards the Taman Tugu Project. The competition, launched by YAB Prime Minister during Khazanah's Hari Hasanah event @ Taman Tugu on 4th September 2017, was enthusiastically received – more than 200 inspiring designs from students and practitioners across Malaysia were submitted. The Top 20 finalists have been identified and subsequently, a Public Exhibition and Voting as wellas the final judging round will be held in 2018. The final results will be announced thereafter.

To further involve the public in the Taman Tugu Project, several transplanting exercises were conducted by the MalaysianNature Society (“MNS”) with various organisations. The transplanting exercises are part of the overall conservation and preservation efforts on the future Taman Tugu park site.

Finally, to officiate the development of the Taman Tugu park and to emphasise the Government’s continued commitment to heritage and environmental conservation, YAB Prime Minister planted the endangered Belian tree at the site, in conjunctionwith Hari Hasanah @ Taman Tugu.

Component 1: Taman Tugu ParkThe masterplan of the park is currently being revised to better conserve the environment and to ensure better operations ofthe park. Notwithstanding the revisions, the first phase of construction has commenced and the park is on track for completion in three phases, starting with the first phase by Q3 2018, and full completion by 2019.

Component 2: The ConnectorsThe design of the Padang Merbok carpark, the walkway connecting Bank Negara KTM station to Taman Tugu park, as well asthe feasibility study of the underpass connecting Taman Botani Perdana and Taman Tugu park are in progress. These are on track for completion by 2019.

The overhead pedestrian deck from KL Sentral to Muzium Negara is temporarily on hold due to potential connectivity via the Muzium Negara MRT station and in light of potential initiatives to transform Muzium Negara (not part of TTP).

Component 3: Khazanah ILMUThe concept design and the spaces planned within Khazanah ILMU have been finalised. Key spaces include a public library, a public art gallery, adaptive space, co-working spaces, cafes, and a Rainforest Education Centre. This is on track for completion by 2020.

Component 4: Public TrustDuring the Hari Hasanah event @ Taman Tugu, YAB Prime Minister announced the establishment of the Trust – Amanah Warisan Negara (“AWAN”). In his announcement, he mentioned AWAN will own and manage the 66-acre Taman Tugu park.YAB Prime Minister also declared that an additional 25-acres of land, which is adjacent to the Taman Tugu park site, will be transferred into AWAN.

A new Act is being currently being finalised by a committee chaired by the Ministry of Natural Resources and Environment (“NRE”) to better govern AWAN.

Dataran MuziumDataran Muzium is no longer part of the Taman Tugu Project. The scope on upgrading Muzium Negara was removed after taking into consideration feedback received from various stakeholders including potential plans for the regeneration ofMuzium Negara by other parties.

MOVING FORWARD WITH THE TAMAN TUGU PROJECT

Status Update #2 tamantuguproject.com.my 6

HIGHLIGHTS OF PROGRESS TO DATE

IMMEDIATE NEXT STEPS

Launch tender and construction for the Hindu Temple and Park Maintenance OfficeFinalisation of the revised masterplanResubmission of all necessary documentation, i.e Environmental Management Plan (“EMP”), Erosion and Sediment Control Plan (“ESCP”) andTraffic Impact Assessment (“TIA”)

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COMPONENT 1CONSERVING AND ACTIVATING AN URBAN FOREST PARK

The masterplan of the park is currently being revised tobetter conserve the environment and to ensure betteroperations of the park. The revised masterplan will befinalised by Q1 2018

The tender for the Surau-Jumaat Community Area and Hoarding was awarded to Hakikat Engineering Sdn Bhd (“Hakikat”) on 17th July 2017. Hakikat took over the site on 7th August 2017 and put up the construction hoarding around the entire site

The tender for the Supply, Planting, Maintenance & Warranty of Trees was awarded to Forest House Sdn Bhd (“Forest House”) on 8th August 2017. The site for the Tree Planting event was designed and prepared by Forest House in collaboration with James Kingham’s nursery in Tanjung Malim, Perak

Hoarding around the site Illustration of the Surau-to-be

KEY PROGRESS TO DATE

Tender for both the construction of the Surau-Jumaat Community Area and Hoarding has been awarded and construction work has commenced

Tender for the Supply, Planting, Maintenance & Warranty of Trees awarded and conservation & landscaping works have commenced

Hoarding around the site completed

Change in consultants to ensure better capacity and ability to deliver the project whilst conserving the site

Due to the revision of the masterplan, the tender process for the East, West and Southern Region (Family, Outdoor and Education areas) is temporarily on hold due to possible changes

26% of the approved budget has been committed. The commitments are for the supply, planting, maintenance, and warranty of >4,000 ethnic Malaysian rainforest trees, the construction of the Surau-Jumaat Community Area and Hoarding, and the architects, engineers, surveyors, town planners, traffic consultants, arborists, and environmental consultants

Q3 2018: Surau-Jumaat Community Area, Hiking Trails, Hindu Temple and Park Maintenance Office

Q3 2019: Camping Site, Observatory Deck, Cafe and Retail

Q4 2019: Elevated Jungle Walk, Lake, Wetlands and Water Play Area, Parking, F&B, and Events Space

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The park is on track for completion followed by opening soon as regulatoryapprovals are obtained

Status Update #2 tamantuguproject.com.my 7

IMMEDIATE NEXT STEPS

Complete the feasibility study of the underpass below Jalan ParlimenFinalise the exact points / routes of the connectors along with the revised masterplanFinalise the design of the Padang Merbok CarparkFinalise the possibility to have a connection from KL Sentral to Muzium Negara

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COMPONENT 2CONNECTING THE SURROUNDING AREA

2% of the approved budget has been committed thus far. The commitments are for appointment of engineers to conduct the feasibility study

Potential cost savings (which may arise from the feasibility study and assessments) may be redeployed to other possible pedestrian-friendly walkways to better connect the surrounding areas and Kuala Lumpur

Connectors are on track for completion by 2019

KEY PROGRESS TO DATE

Appointment of project management consultants, engineers, and traffic consultants

Published and closed the Invitation to Pre-Qualify for the procurement of the architectural services of the Padang Merbok carpark

Commenced feasibility study of the underpass connecting Taman Botani Perdana and Taman Tugu park

Pre-qualification advertisement issued for architecturalservices for the Padang Merbok Carpark

PRE-QUALIFICATION CRITERIA

HIGHLIGHTS OF PROGRESS TO DATE

UPDATE OF EACH CONNECTOR

Underpass below Jalan Parlimen between Taman Botani Perdana and Tugu Negara/ Taman Tugu

The feasibility study of the underpass is being conductedCirculation between Taman Botani Perdana, Tugu Peringatan Negara and Taman Tugu whilst managing traffic flow along Jalan Parlimen is being reviewed along with the revision of the masterplan

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Covered pedestrian walkway between Taman Tugu and Bank Negara KTM Station

Exact route of the walkway currently being reviewed along with the revision of the masterplan

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Overhead pedestrian deck connecting KL Sentral to Muzium Negara

Temporarily put on hold due to potential connectivity via the Muzium Negara MRT station and potential initiatives to transform Muzium Negara (not part of TTP)In the midst of discussing with DBKL, MRT Corp, and Prasarana to assess connectivity via the Muzium Negara MRT station

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Padang Merbok CarparkPublished the Invitation to Pre-Qualify for the procurement of architectural services for the Padang Merbokcarpark in 4 major newspapers. The Pre-Qualification was closed on 29th December 2017Held several engagement sessions with DBKL and KL marathon / race organisers, current users of the existing Padang Merbok carpark, to ensure the to-be carpark is fit-for-purpose and does not deter current and prospective users from using the space

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Status Update #2 tamantuguproject.com.my 8

HIGHLIGHTS OF PROGRESS TO DATE

IMMEDIATE NEXT STEPS

Prepare detailed designs and documentation for submission to authoritiesCommence the tender process by Q2 2018Commence construction by end of Q2 2018

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COMPONENT 3:DEVELOPMENT OF A LEARNING AND INNOVATION CENTRE @ KHAZANAH ILMU

The necessary documents will be submitted for approvals to the relevant authorities by Q1 2018. The EMP, ESCP, and TIA for Khazanah ILMU willbe submitted together with the submission for the park Currently, the team is looking at management and programming of the space. References are being made to both local and global institutions 9% of the approved budget has been committed thus far. The commitments are for project management consultants, architects, engineers, town planners, arborists, environmental consultants, and the Art Gallery Specialist

KEY PROGRESS TO DATE

Appointment of project management consultants, architects, engineers, town planners, traffic consultants, arborists, and environmental consultants

Finalised the concept design of the space

Khazanah ILMU is on track for completion by Q3 2020

THE CONCEPT AND LAYOUT OF SPACES HAVE BEENFINALISED. THE FINALISED KEY SPACES INCLUDE

Public library for various age and interests group, with a niche economics section

Public art gallery and display spaces

Co-working and maker-spaces

Adaptive space and rooms for continuous learning programmes

Rainforest Education Centre

Cafe and retail

1.

2.

3.

4.

5.

6. Tucked into the hills - Aerial view of ILMU

Main walkway towards Khazanah ILMU

Status Update #2 tamantuguproject.com.my 9

IMMEDIATE PRIORITIES

Officially establish AWAN by formalising the Trust DeedFinalise the transfer of the Taman Tugu park site into AWANEstablish the new Act to govern AWANFinalise the transfer of the 25-acre land into AWAN

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COMPONENT 4:ESTABLISHMENT OF A NATIONAL PUBLIC TRUST @ AWAN

Whilst AWAN will initially be set-up under the Trustees (Incorporation) Act, 1952, a new Act of Parliament is currently in the midst of being established to better govern AWAN and to provide better protection for AWAN’s Trust Property - to be called the NATIONAL TRUST ACT

KEY PROGRESS TO DATE

Announcement of the establishment of the Trust, Amanah Warisan Negara (“AWAN”) by YAB Prime Minister on 4th September 2017 during Khazanah’s Hari Hasanah event

Appointment of the 3 Trustees of AWAN

Working Session on the New Act led by Tan Sri Shahrir Samad and Ministry of Natural Resources & Environment (NRE)

HIGHLIGHTS OF PROGRESS TO DATE

TRUST DEEDThe Trust Deed has been agreed upon in principal

A review session was held with Bahagian Hal Ehwal Undang-Undang-Jabatan Perdana Menteri (“BHEUU-JPM”) to go through the drafted Trust Deed

The final submissions for incorporation of the Trust has been made to BHEUU-JPM, after revising the Deed based on advice from them

3 Trustees have been appointed as the Board of Trustees of AWAN. They are:Tan Sri Datuk Wira Azman Hj. MokhtarYAM Tunku Ali Redhauddin Ibni Tuanku MuhrizTan Sri Zarinah Anwar

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66-ACRE TAMAN TUGU SITE AND ADDITIONAL 25-ACREEconomic Council approval has been obtained for the transfer of the 66-acre land into the Trust at a baseline nominal value and exemption from stamp duty charges. Discussions are being held with regards to the transfer of the additional 25-acre land into the Trust

Discussions are being conducted with Pejabat Tanah & Galian (“PTG”) to finalise the transfer of the 66-acre land into the Trust

NEW ACTFirst working session, chaired by Datuk Dr. Haji Wan Junaidi bin Tuanku Jaafar, Minister of Natural Resources and Environment (“NRE”) was held to kick-off the process of drafting thenew Act

Several technical discussions were held with NRE to further refine the Act

Two cross-ministerial discussions were held by NRE with the Ministry of Tourism and Culture to gather feedback and gain support for the new Act.

The Act is being finalised by a committee chaired by the NREand Tan Sri Shahrir Abdul Samad

Status Update #2 tamantuguproject.com.my 10

PUBLIC ENGAGEMENT

Various engagement sessions and workshops were held with the following communities including:

Ministry of Natural Resources and EnvironmentInstitute of Landscape Architects Malaysia (“ILAM”)Taman Tun Dr. Ismail Residents’ Association and Friends of Bukit KiaraBadan Warisan NegaraMalaysian Environmental NGOsKuala Lumpur Marathon / Race Organisers

These sessions were held to provide clarity on the Taman Tugu Project and to gather feedback on the design of the park and other components of the Taman Tugu Project. Additionally, discussions included ways the Trust, AWAN, can collaborate with the different parties. YAB Prime Minister launched the Greenovation Bench and Gazebo Design Competition organised by Khazanah Nasional Berhad in collaboration with ILAM. The competition was launched on 4th September 2017 at Taman Tugu park during Khazanah’s Hari Hasanah event. We received more than 200 inspiring designs from both students and practitioners across Malaysia. This competition is a form of public inclusion and participation towards the Taman Tugu Project. The Top 20 finalists (10 for benches and 10 for gazebos) have been identified and they will present their designs during the final judging session, scheduled for 2018. A public exhibition and voting session will also be held in Q1 2018.

Several transplanting exercises were conducted by the Malaysian Nature Society (“MNS”) with variousorganisations such as World of Sports, Timberland Malaysia, and Repsol Oil & Gas. These transplantingexercises are part of the overall conservation and preservation efforts on the future Taman Tugu parksite. More than 1,000 trees have been transplanted from the site and are currently kept at the MNS nursery where they will be cared for. The transplanted trees will eventually be transplanted back into the Taman Tugu park site upon completion of the park or transplanted to other public parks / nurseries.

To initiate the conservation and preservation of flora and fauna at Taman Tugu park, YAB Prime Ministerplanted the endangered Belian tree at the Taman Tugu site on 4th September 2017, at the Hari Hasanah event - one of the initiatives under Khazanah Nasional’s “Negaraku, Negara Kita” campaign, which celebrates and commemorates Malaysia’s journey and progress as a nation, in conjunction with Hari Kebangsaan and Hari Malaysia. At the event, YAB Prime Minister emphasised the Government’s commitment to heritage and environmental conservation. Student members of Kelab Pencinta Alam from Sekolah Kebangsaan Subang Bestari 2 and Sekolah Menengah Kebangsaan Darul Ehsan assisted attendees to plant Merbau trees around the event site.

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HIGHLIGHTS

Status Update #2 tamantuguproject.com.my 11

July 2017MoU signing with the Institute of Strategic andInternational Studies (“ISIS”) Malaysia

September 2017Commencement of construction of the Surau-Jumaat Community Area within the Taman Tugu park site

October 2017More than 400 trees transplanted by representatives of Timberland Malaysia

November 2017Announcement of the Top 20 finalists for the Greenovation Bench and Gazebo Design Competition

December 2017Transplanting exercise by Repsol Malaysia, the 4th such exercise for 2017

August 2017Commencement of the conservation and landscaping works at the southern tip of the Taman Tugu park site

HIGHLIGHTS

Status Update #2 tamantuguproject.com.my 12

July 2017MoU signing with Persatuan Perkhidmatan Tadbirdan Diplomatik (“PPTD”)

September 2017Students from Kelab Pencinta Alam planting Merbau trees at the Hari Hasanah @ Taman Tugu event

October 2017Site inspection of the Surau-Jumaat Community Area by Department of Environment (“DOE”)

November 2017Greenovation Bench and Gazebo Design Competition Shortlisting Session where the Top 20 finalistswere selected

December 2017MoU signing with Jabatan Agama Wilayah Persekutuan, Majlis Agama Islam Wilayah Persekutuan and the Madrasah Bustanul Ulum community

August 20172nd transplanting exercise by World of Sports Sdn. Bhd. (Columbia Sportswear)

NEWS HIGHLIGHTSSelection of News Clippings

Status Update #2 tamantuguproject.com.my 13

NEWS HIGHLIGHTSSelection of News Clippings

Status Update #2 tamantuguproject.com.my 14

NEWS HIGHLIGHTSSelection of News Clippings

Status Update #2 tamantuguproject.com.my 15

tamantuguproject.com.my

Disclaimer:While care has been taken to ensure that information contained in this document is true and correct at the time of publication, changes in circumstances after the time of publication may impact on the accuracy of this information.