Unless otherwise stated, the definitions used in this announcement shall carry the same meanings as defined in the announcement dated 6 March 2026 (“Announcement”).

Further to our Announcement, MUIP wishes to clarify that Section 2 and Section 15 in the content of the Announcement should be read as follows:

2.       DETAILS OF THE PSSHA

The salient terms of the PSSHA are set out as below:

(a)   The Subscribed CRNCPS shall rank senior to ordinary shares in the capital of LVHL with respect to dividend payments and return of capital.

(b)   The Subscribed CRNCPS shall carry a cumulative preferential dividend at a rate of 6% per annum (the “Dividend Rate”), payable at the end of two-year term. Dividends shall be cumulative, such that if any dividend (or part thereof) remains unpaid on the scheduled payment date, it shall accrue and compound annually until paid in full.

(c)   The Subscribed CRNCPS shall have a term of 2 years from the date of PSSHA (the “Term”). Upon expiry of the Term, LVHL shall redeem the Subscribed CRNCPS at their par value plus any accrued but unpaid dividends.

(d)   LVHL may, at its option, redeem the Subscribed CRNCPS early, in whole or in part, subject to providing 30 days’ written notice to FL and paying all accrued and unpaid dividends up to the redemption date.

(e)   In the event LVHL disposes off any property and/or land held under LVHL and/or its subsidiaries, LVHL shall redeem the Subscribed CRNCPS either in whole or in part, other than the disposal of a hotel owned by LVHL namely Corus Hotel Hyde Park wherein LVHL shall redeem the Subscribed CRNCPS in whole, within 14 days from the date of completion of any disposal of property and/or land held under LVHL and/or its subsidiaries. LVHL shall also pay all accrued and unpaid dividends up to the redemption date.

(f)    In the event of a liquidation, winding-up, or sale of LVHL, FL shall be entitled to receive, in priority to ordinary shareholder, an amount equal to:

        (i)    the par value of the Subscribed CRNCPS held; plus

        (ii)   all accrued and unpaid dividends, before any distribution is made to ordinary shareholders.

(g)   FL shall not transfer the Subscribed CRNCPS without the prior written consent of LVHL, except to an affiliate under common control.

15.  HIGHEST PERCENTAGE RATIO OF THE PROPOSED SUBSCRIPTIONS

The highest percentage ratio for the respective transactions pursuant to paragraph 10.02 of the Listing Requirements are summarised below:

Notes:

(1)   Calculated based on the Consideration of GBP1.0 million (equivalent to RM5.8 million) over the NA of our Group as at 30 June 2024 of RM354.7 million.

(2)   Calculated based on the Consideration of GBP1.0 million (equivalent to RM5.5 million) over the NA of our Group as at 30 June 2025 of RM364.1 million.

Pursuant to paragraph 10.12 of the Listing Requirements, the aggregate transaction ratio for the Proposed Subscriptions is 3.13%.

This announcement is dated 10 March 2026.