Reference is made to Timberwell’s announcements dated 5 February 2026, 9 February 2026, 12 February 2026, 27 February 2026, 2 March 2026, 3 March 2026, 4 March 2026 and 5 March 2026 in relation to the Offer as well as the offer document dated 26 February 2026 in relation to the Offer (“Offer Document”). Unless otherwise defined, capitalised terms used in this announcement shall have the same meanings as defined in the Offer Document.

The Board wishes to announce that the Company had on 5 March 2026 received a press notice from RHB Investment Bank Berhad, on behalf of the Offeror, informing that as at 5 March 2026, the Offeror has received valid acceptances which resulted in the Offeror, the Ultimate Offeror and the PAC holding in aggregate more than 50% of the voting shares in Timberwell. Accordingly, the Offer has become unconditional on 5 March 2026 ("Unconditional Date").

Pursuant to the above, the Offer shall remain open for acceptances until 5.00 p.m. (Malaysian Time) on Thursday, 19 March 2026, being the First Closing Date, which is at least 14 days from the Unconditional Date.

Please refer to the attached press notice dated 5 March 2026 for further information.

This announcement is dated 5 March 2026.