Reference is made to the Company's announcements dated 22 February 2016, 11 July 2017, 2 October 2017, 10 October 2017, 29 December 2017, 29 June 2018 and 21 December 2018 in relation to the joint venture between UEM Land Berhad ("UEM Land"), a wholly-owned subsidiary of UEMS, and ONE15 Marina Holdings Pte. Ltd. (formerly known as SUTL Marina Holdings Pte. Ltd.) ("ONE15") in Sarandra Malaysia Sdn. Bhd. ("SMSB") (collectively, the "Announcements"). Unless otherwise stated, the definitions set out in the Announcements shall apply herein.

The Company wishes to announce that UEM Land had on 30 June 2026 entered into a Share Sale Agreement and Novation Agreements with ONE15 for the disposal of its entire 40% of the issued share capital of SMSB as well as for ONE15 to assume all the residual rights, risk and obligations in relation to the outstanding amounts owing by SMSB and its subsidiaries to UEM Land ("Proposed Disposal"). The total cash consideration for the Proposed Disposal is RM50,000.00.

Following this, UEM Land will cease to hold any equity interest in SMSB and UEMS shall accordingly exit the joint venture structure with ONE15.

The Proposed Disposal will not have any effect on the issued and paid-up share capital and substantial shareholders' shareholdings of UEMS and is not expected to have any material effect on the earnings per share, net assets per share or gearing of the UEMS Group for the financial year ending 31 December 2026.

This announcement is dated 30 June 2026.