Amanah Harta Tanah PNB ("AHP2"), a Real Estate Investment Trust, was constituted under a Deed dated 11 January 1990 between the Manager then, Mayban Property Trust Management Berhad, CIMB Trustee Berhad (then BBMB Trustee Berhad) as Trustee of AHP2, and the Registered Holders.  The Deed was further amended by the Supplemental Deed dated 19 June 1990, Second Supplemental Deed dated 13 August 1990, Third Supplemental Deed dated 27 December 1996, Fourth Supplemental Deed dated 29 October 2001, Fifth Supplemental Deed dated 13 January 2009 and Sixth Supplemental Deed dated 24 February 2009. On 1 November 2001, MPTMB retired as the Manager, pursuant to Clause 46 (7) (d) of the Deed and PHNB was appointed as the Manager of AHP2.

AHP2 was launched on 28 August 1990 and was listed on Bursa Malaysia Securities Berhad ("Bursa Securities") on 25 March 1997. The principal activity of AHP2 is investment in real estates and other authorised investments.

The investment objective of AHP2 is to provide the unit holders with steady and reasonable returns based on a selected portfolio of real estate and approved liquid assets and for long-term capital growth.

Termination of the Trust

On 24 December 2008, the Manager received requisitions for meeting of registered unit holders from 59 unit holders. The requisition which was made in accordance with the provision of Clause 48 of the Deed, proposes for the termination of the Trust.

The resolutions to terminate the Trust and the directions upon termination of the Trust were passed by the unit holders at the meeting held on 11 March 2009.  The trading of AHP2 units was subsequently suspended by the Bursa Securities with effect from 12 March 2009 until the delisting of AHP2 from the Official List.

As provided by Clause 31 of the Deed, the Trustee shall within 180 calendar days or as soon as practicable sell, call in and convert into money or cause to be sold, called in and converted into money the investment and property constituting the Fund and, after the expiration of 180 days, divide the proceeds, less all proper cost and disbursement, commissions, brokerage fees and other outgoings including costs of final distribution of capital and income and all proper provisions for liabilities among the Registered Holders in proportion to the number of units held upon which the units shall be cancelled.

Clause 31 further states that the Trustee may postpone the sale, calling in and conversion of any part of the investment and property for a period exceeding three months by convening a unit holders? meeting in accordance with the provisions of Clause 48 of the Deed.