Clarification On News Article Titled “Anwar Witnesses Exchange Of Several Mous, Lois In Maiden Visit As PM To Jakarta” Appeared In The Edge Markets Dated 8 January 2023. (Announcement Pursuant To Chapter 9 Of Bursa Malaysia Securities Berhad Main Market Listing Requirements)

As a clarification to the news article titled “Anwar witnesses exchange of several MOUs, LOIs in maiden visit as PM to Jakarta” appeared in The Edge Markets dated 8 January 2023.

We wish to inform that Boustead Properties Berhad, wholly owned subsidiary of the Company has registered its interest to the Chairman of Nusantara City to work closely with the Indonesian Government to develop Ibu Kota Negara (IKN) Nusantara, located in Kalimantan, Indonesia.

This announcement is dated 10 January 2023.