ADJUSTMENT TO THE TERMS AND CONDITIONS OF THE EUROPEAN STYLE NON-COLLATERALISED CASH SETTLED CALL WARRANTS OVER ORDINARY SHARES OF IOI PROPERTIES GROUP BERHAD ("IOIPG") ("IOIPG-C50") IN RELATION TO THE SPECIAL SINGLE TIER DIVIDEND OF 8 SEN PER ORDINARY SHARE ("SPECIAL DIVIDEND")

Kindly be advised of the following :

1) The above Company's securities will be traded and quoted "Ex - Adjustment" as from: 14 Sep 2026
2) The last date of lodgment : 15 Sep 2026

Remarks :

In accordance with Part 1 of the Deed Poll dated 22 October 2025, the Exercise Ratio and Exercise Price of IOIPG-C50 will be adjusted as follows:

Adjustment pursuant to Special Dividend

a.    Adjusted Exercise Ratio = E x [(P - D) / P]

b.    Adjusted Exercise Price = X x [(P - D) / P]

whereby:

P =     Closing price of IOIPG shares on the last market day on which IOIPG shares are traded on a cum-entitlement basis

D =     RM0.0800, being the Special Dividend per one (1) IOIPG Share

X =     RM3.5000, being the existing Exercise Price of IOIPG-C50 immediately prior to the Special Dividend

E =     4.0000, being the existing Exercise Ratio of IOIPG-C50 immediately prior to the Special Dividend

We shall make the announcement on the actual adjustments to IOIPG-C50 on the Last Cum Date.

No adjustment shall be made to the Exercise Ratio or the Exercise Price if the adjustment would amount to less than 2% of the Exercise Ratio or the Exercise Price being changed.