The Board of Directors of XL (Board) wishes to announce that Board has approved to extend the duration of the Company's LTIP for the eligible Directors and employees of XL and its active subsidiary companies which expired on 21 April 2026 for a further period of five (5) years until 21 April 2031, in accordance with the terms of the By-Laws of LTIP. The extension is not subject to any approval from the Company's shareholders, Bursa Malaysia Securities Berhad and/or any other relevant authorities. Appropriate notice on the extension will be served to the eligible LTIP grantees in due course.

This announcement is dated 16 June 2026.