Reference is made to the Company's first announcement dated 8 August 2024 in relation to the memorandum of understanding dated 27 May 2024 entered into between the Ministry of Industry and Trade, the Ministry of Investment, Convergence and Evaluation of Public Policies and Dexin Morocco SA ("MOU"), and its subsequent status updates, with the latest being 27 July 2026.

Unless otherwise stated, all definitions used in this announcement shall have the same meaning as defined in the earlier announcements.

The Board wishes to announce that the MOU, having remained valid up to and including 1 October 2026, has officially expired with effect from 2 October 2026. As advised by Dexin Morocco's local adviser, the extension or renewal of the MOU is no longer the applicable step at this stage of the process, as the investment convention file remains under review and validation by the relevant Moroccan authorities, ahead of the execution of the proposed Investment Agreement. Notwithstanding the expiry of the MOU, the Parties continue to collaborate towards the finalisation of the proposed Investment Agreement, as at the date of this announcement.

The Company shall continue to monitor the status of the investment convention file and will make the necessary announcements in relation to any material developments, including the status of the proposed Investment Agreement, as and when required.

There is no material operational or financial impact on the Group for the financial year ending 28 February 2027 arising from the expiry of the MOU.

This announcement is dated 2 October 2026.