Reference is made to the article titled "IOI Properties in talks for secondary listing on SGX", published by The Edge Malaysia and The Edge Singapore.

The Board of Directors of the Company ("Board") wishes to clarify that the remarks attributed to the Group Chief Executive Officer in the article were made in the context of Management's consideration of potential capital market initiatives, including the possibility of a secondary listing on the Singapore Exchange ("SGX"). 

Management will continue to review, assess, and evaluate any potential opportunities based on their strategic merits and potential benefits to the Company and its shareholders, including considering access for the Company's securities to be traded in differing jurisdiction. Any proposal recommended by Management will be submitted to the Board for approval and will be subject to applicable regulatory requirements. As at the date of this announcement, the potential secondary listing on SGX remains under evaluation by Management, and no formal proposal has been submitted to the Board for its consideration.

The Company will make the necessary announcements of any material developments in accordance with the Main Market Listing Requirements of Bursa Malaysia Securities Berhad.

This announcement is dated 13 October 2026.