(a) Purpose & Rationale of the Valuation

Since the financial year (2023), the Group changed its accounting policy for the valuation of its Land and Buildings from the historical cost method to the fair value model. The Board was of the view that the historical cost method no longer provided a meaningful representation of the true value of these assets, as market conditions had changed significantly since their acquisition.

The adoption of the fair value model ensures that the Group’s financial statements reflect current market conditions and the actual worth of its assets. This approach provides a more accurate, reliable, and relevant assessment of the Group’s net worth and financial position.

The Board believes that this change enhances the relevance of Metrod Group’s financial reporting while also strengthening investor and lender confidence. By improving transparency and aligning asset values with market realities, the fair value model is expected to enhance shareholder value and facilitate better access to capital markets and funding at competitive interest rates.

Accordingly, an announcement explaining the purpose and rationale for this change in accounting policy was made to the stock exchange on 28 February 2025, in compliance with disclosure requirements. In line with this policy, an independent valuation was conducted at the end of the 2025 financial year, and the required particulars are disclosed in the subsequent paragraphs.

(b) Revaluation Surplus or Deficit

Arising from the said revaluation exercise, a revaluation surplus (net of deferred tax) amounting to RM11.73 million was recognised in other comprehensive income and accumulated in equity.

(c) Effect of the Revaluation Surplus on the Net Assets per Share of the Group

The revalued amount has been incorporated in the interim financial results of the Company for the period ended 31 December 2025. The effect on the net assets per share of the Company arising from the revaluation exercise is as follows: -

(d) Name of the Valuers

(e) Date of Valuation

• Metrod (Malaysia) Sdn. Bhd. on 4 December 2025.
• Ceres Hotels Private Limited on 31 December 2025.
• Savli Copper Products Private Limited on 31 December 2025.

(f) Value placed on the Asset by the Valuer

The fair value of the Land and Buildings of each entity was as follows:-

• Metrod (Malaysia) Sdn. Bhd. – RM139 million, comprises:

• Ceres Hotels – INR10,189.8 million* (equivalent to RM500.5 million), comprises:

• Savli Copper Products Pvt Ltd - INR382.9 million* (equivalent to RM18.8 million), comprises:

* Based on the exchange rate of RM1= Indian Rupee 20.3598

(g) Documents Available for Inspection

The relevant reports on the revaluation are available for inspection at the registered office

of the Company at Unit 30-01, Level 30, Tower A, Vertical Business Suite Avenue 3, Bangsar South, No. 8, Jalan Kerinchi, 59200 Kuala Lumpur, Malaysia from Mondays to Fridays (except public holidays) during normal office hours for a period of 3 months from the date of this announcement.

This announcement is dated 27 February 2026.