The Board of Directors of MISC Berhad ("MISC" or the "Company") wishes to announce that the Company is currently engaged in preliminary and exploratory discussions with Yinson Legacy Sdn Bhd ("YLSB") and other stakeholders namely, affiliates of YLSB and Employees Provident Fund Board ("EPF"), in relation to a potential proposal to privatise the Offeree by way of a scheme of arrangement under Section 366 of the Companies Act 2016 ("Proposed Scheme"). The Proposed Scheme, if implemented, is expected to involve the acquisition of all remaining ordinary shares in the Offeree not already held by YLSB and certain parties acting in concert with it, and EPF retaining its existing effective shareholding in the Offeree.

While negotiations are ongoing, an indicative offer price of RM2.35 per share is currently being considered, based on prevailing circumstances, should the Proposed Scheme materialise. However, discussions between the parties remain ongoing and further assessments are being undertaken. The final offer price remains subject to change based on, among others, due diligence and commercial viability of the Proposed Scheme.

The Proposed Scheme remains subject to, amongst others, evaluations and negotiations amongst the parties, execution of definitive agreements, determination of the final offer price, and such other requisite approvals and conditions as may be determined.

Accordingly, there can be no assurance that the discussions will lead to or result in the implementation of the Proposed Scheme. This announcement does not constitute a firm intention to privatise the Offeree and there is no certainty that any offer or transaction will ultimately be made. Shareholders and investors are advised to exercise caution when dealing in the securities of the Company and the Offeree.

MISC will make the necessary announcements on any material developments in relation to the foregoing in accordance with the applicable laws and regulations.

This announcement is dated 28 August 2026.