The Board of Directors of Ancom Nylex Berhad ("Company") wishes to announce that its 42.2% owned subsidiary, Nylex (Malaysia) Berhad ("Nylex"), has received a Letter of Intent ("LOI") dated 5 May 2026 from the Government of Malaysia, through the Public Private Partnership Unit ("UKAS"), Prime Minister's Department, in relation to a proposed public-private partnership project in Iskandar Malaysia.

The Government has granted approval in principle to a consortium comprising:

• DOM Industries (M) Sdn. Bhd.;
• MMC Engineering Sdn. Bhd.;
• BTS Group Holdings Public Company Limited; and
• Nylex

(collectively referred to as the "Consortium")

to undertake the proposed Pembangunan Awam Darat Di Wilayah Iskandar Malaysia (Iskandar Malaysia Public Land Transport Development Project) ("Proposed Project"), which will be based on a medium capacity rail system under a public-private partnership model.

The Consortium shall negotiate the terms and conditions of the Proposed Project with the Government. The implementation of the Proposed Project is subject to the execution and finalisation of definitive agreements with the Government.

The Company will make further announcements on any material developments in respect of the Proposed Project in accordance with the Listing Requirements.

This announcement is dated 11 May 2026.