On behalf of the board of directors of UOA Asset Management Sdn. Bhd., being the manager of UOA REIT, Hong Leong Investment Bank Berhad wishes to announce that the Trustee, upon the recommendation of the Manager:

(i) had on 1 October 2025 entered into the following with Everise Project, a 60%-owned subsidiary of UOA Development, for the proposed acquisitions of three (3) commercial properties from Everise Project for a total purchase consideration of RM200 million:

a) a conditional sale and purchase agreement for the proposed acquisition of UOA Business Park Tower 2A (as defined herein) for a purchase consideration of RM55.7 million, to be satisfied entirely in cash (“Proposed Tower 2A Acquisition”);

b) a conditional sale and purchase agreement for the proposed acquisition of UOA Business Park Tower 2B (as defined herein) for a purchase consideration of RM54.8 million, to be satisfied entirely in cash (“Proposed Tower 2B Acquisition”); and

c) a conditional sale and purchase agreement for the proposed acquisition of UOA Business Park Car Park (as defined herein) for a purchase consideration of RM89.5 million, to be satisfied via the issuance of 107,831,325 new units in UOA REIT (“Units”)(“Consideration Units”) at an issue price of RM0.83 per unit (“Proposed Car Park Acquisition”).

(The Proposed Tower 2A Acquisition, Proposed Tower 2B Acquisition and Proposed Car Park Acquisition are collectively referred to as the “Proposed Acquisitions”); and

(ii) proposes to establish an income distribution reinvestment plan that provides unitholders of UOA REIT (“Unitholders”) with an option to elect to reinvest, in whole or in part, their cash income distribution in new units in UOA REIT (“IDRP Units”) (“Proposed IDRP”).

The Proposed Acquisitions and Proposed IDRP are collectively referred to as the “Proposals”.

Further, the Proposed Acquisitions are deemed related party transactions due to the interests of the director and major shareholders of the Manager, and major unitholders of UOA REIT (a person who has an interest or interests in UOA REIT of 10.0% or more of the total number of issued units in UOA REIT, or 5.0% or more of the total number of issued units in UOA REIT if such person is the largest unitholder (“Major Unitholder(s)”), and/or persons connected with them as set out in Section 8 of this announcement. Accordingly, DWA Advisory Sdn Bhd has been appointed as the independent adviser to advise the non-interested directors of the Manager and the non-interested Unitholders on the fairness and reasonableness of the Proposed Acquisitions and whether the Proposed Acquisitions are detrimental to the non-interested unitholders.

Please refer to the attached announcement for further details.

This announcement is dated 2 October 2025.