(Reference is made to the announcement dated 19 July 2024, 17 March 2025, 18 September 2025 and 22 September 2025 in relation to the Proposed Acquisitions (“Announcements”). Unless otherwise defined, the definitions used herein shall have the same meanings as defined in the Announcements.)

The Board of Directors of Genting Plantations Berhad (“Board”) wishes to announce that the CSPAs have become unconditional as of 18 November 2025 (“Unconditional Date”) along with revisions to the key terms and conditions for the Proposed Acquisitions mutually agreed by the Parties, as elaborated below:

(i) The final aggregate area for Land1 and Land2 to be acquired by the Purchasers from the Vendors is approximately 149 ha of HGB or Certificated Land (“Final Sentul City Land”); 

(ii) Lower Average Unit Purchase Price for the Final Sentul City Land based on the technical and feasibility study carried out by the Purchasers for Land1 and Land2; and

(iii) The Deferred Payment for Proposed Acquisition 1 will be paid by the Purchaser on the Completion Date instead of over the next five (5) anniversaries from the Completion Date.

Based on the above, the final aggregate purchase consideration for the Proposed Acquisitions shall be IDR 1,784.5 billion (about RM 442.5 million at the current exchange rate of IDR 100 : RM 0.0248) (“Final Total Purchase Consideration”) compared to the Total Purchase Consideration of IDR 2,052.0 billion (about RM593.0 million at the exchange rate of IDR 100 : RM 0.0289 then) as disclosed in the Announcement dated 19 July 2024.

Completion of the Proposed Acquisitions shall be within 30 calendar days from the Unconditional Date or such other date as the Parties may agree in writing and subject to the following being satisfied:

(i) upon the Vendors and Purchasers executing the Deed of Sale and Purchase for the Final Sentul City Land before the Land Deed Official jointly appointed by the Parties for the transfer of the Certificated Land to the Purchasers;

(ii) the Vendors delivering to the Purchasers relevant completion deliverables which have been agreed between the Parties; and

(iii) the Purchasers paying to the Vendors the Final Total Purchase Consideration.

The amendments to the CSPAs will be available for inspection at the registered office of the Company during normal office hours on any working day for a period of three (3) months commencing from the date of this announcement.

This announcement is dated 19 November 2025.