1.0       INTRODUCTION

The Board of Directors of MISC Berhad (“MISC” or “Company”) is pleased to announce that on 29 January 2026, Kawasaki Kisen Kaisha, Ltd. (“K” Line), on behalf of a consortium of MISC and “K” Line, has executed a long-term time charter agreement (“TCP”) with Northern Lights JV DA (“NLJV”) for one (1) newbuild 12,000 cubic metres liquefied carbon dioxide (“LCO2”)  carrier. The TCP will be for a firm charter period of ten (10) years. The TCP for a second newbuild LCO2 carrier is expected to be awarded in April 2026 (collectively, “New LCO2 Carriers”) (“Charter”).

2.0       INFORMATION ON THE CHARTER

2.1       The Charter supports part of the Phase 2 requirements of Norway’s Northern Lights Project (part of the Longship, the Norwegian Government’s full-scale carbon capture and storage project) for cross-border transportation of carbon dioxide (“CO2”) from customers in Europe to permanent offshore storage in Norway. The New LCO2 Carriers are to be delivered between second half of 2028 and first half of 2029.

2.2     The Charter marks MISC’s strategic entry into commercial carbon capture and storage (CCS) sector and LCO2 shipping, aligning with the Group’s ambition to expand into low-carbon and transition-enabling maritime solutions.

2.3       A joint venture company, to be owned in equal shares by MISC and “K” Line, shall be established for the purpose of owning and chartering the New LCO2 Carriers.

2.4       The risks relating to the TCP include commercial, project execution and operational risks. Such risks are inherent in the industry, which MISC will take appropriate measures to mitigate based on its experience and expertise.

3.0       INFORMATION ON THE PARTIES

3.1       NLJV, a registered General Partnership with Shared Liability, was established in March 2021 as a joint venture between Equinor Refining Norway AS, TotalEnergies EP Norge AS, and A/S Norske Shell. It is responsible for CO2 transport and storage of the Northern Lights Project.

3.2       Established in April 1919, “K” Line is a public listed company that is traded on the Tokyo Stock Exchange. “K” Line is a logistics company, operating mainly in the shipping industry, that owns and operates various fleets.

4.0       EFFECTS OF THE TCP

The TCP does not have any effect on the share capital and substantial shareholding of MISC. The TCP will not have any material impact on the earnings per share, gearing and net assets per share of the MISC Group for the financial year ending 31 December 2026.

5.0       INTERESTS OF DIRECTORS AND MAJOR SHAREHOLDERS AND/OR PERSONS CONNECTED TO THEM

None of the directors and/or major shareholders of MISC and/or persons connected with the directors and/or major shareholders have any interest, direct or indirect, in the TCP.

This announcement is dated 30 January 2026.