The Board of Directors of S P Setia Berhad ("the Company") wishes to inform Bursa Malaysia that its wholly-owned subsidiary, Setia International Limited has acquired Setia Land (China) Limited ("Setia Land"). Setia Land has similarly acquired a wholly-owned subsidiary, Setia (Hangzhou) Development Company Limited ("Setia Hangzhou"), resulting in Setia Land and Setia Hangzhou became wholly-owned subsidiaries of the Company.

Both Setia Land and Setia Hangzhou are companies incorporated in Hong Kong, each with an issued and paid-up share capital of 1 ordinary share of HKD1.00 each.

The principal activities of both Setia Land and Setia Hangzhou are investment holding and property development.

This announcement is dated 4 August 2009.