Reference is made to the announcement dated 26 August 2025 made by the board of directors ("Board") of IOIPG in relation to the incorporation of IOIPG REIT Management Sdn Bhd, a wholly-owned subsidiary of IOIPG, with the intended purpose of it being the proposed management company of a real estate investment trust ("REIT") to be established, and the appointment of Maybank Investment Bank Berhad ("Maybank IB") and AmInvestment Bank Berhad ("AmInvestment Bank") as the Joint Principal Advisers (collectively, "Joint Principal Advisers") to assist the Sponsor in its evaluation of the Proposals (as defined below).

On behalf of the Board of IOIPG, the Joint Principal Advisers wish to announce that IOIPG proposes to undertake the following:

(a)        proposed establishment of IOIPG Malaysia Real Estate Investment Trust ("IOIPG REIT") ("Proposed REIT Establishment");

(b)        proposed disposal by the respective vendors of the retail property, the hotel properties and the office properties to MTrustee Berhad, on behalf of IOIPG REIT, for a total disposal consideration of approximately RM7.58 billion to be satisfied via the issuance of 5,500,000,000 undivided interest in IOIPG REIT ("Units") and cash consideration of approximately RM2.65 billion ("Proposed Disposals");

(c)        proposed offering of up to 2,200,000,000 Units comprising a proposed retail offering and a proposed institutional offering (collectively "Proposed Offering");

(d)        proposed admission of IOIPG REIT to the official list of the Main Market of Bursa Malaysia Securities Berhad ("Bursa Securities") and the listing of and quotation for 5,500,000,000 Units on the Main Market of Bursa Securities; and

(e)        proposed leases of the hotel properties by the respective vendors of such hotel properties ("Proposed Listing").

(collectively "Proposals")

Please refer to the attachment for further details on the Proposals.

This announcement is dated 10 April 2026.