Propnex's Unit Receives Third Party Notice Of Claim

PropNex Ltd SGX:OYY:

• RECEIPT OF THIRD PARTY NOTICE OF CLAIM

• UNIT RECEIVED THIRD PARTY NOTICE OF CLAIM FROM A DEFENDANT IN AN ONGOING ACTION IN COURT

• ACTION RELATES TO CLAIMS BY PURCHASERS OF PROPERTY AGAINST THEIR SOLICITORS, OTHERS

• COMPANY WILL DEFEND MATTER

• MATTER NOT LIKELY TO MATERIALLY IMPACT FINANCIAL POSITION, PERFORMANCE OF GROUP FOR FY