The Board of Directors of Genting Plantations Berhad (“GENP” or the “Company”) (“Board”) wishes to announce that GENP through its indirect wholly-owned subsidiaries had on 19 July 2024 entered into the following agreements:

(i) conditional sale and purchase agreement between PT Genting Properti Abadi and PTSC, PT Aftanesia Raya and PT Primatama Cahaya Sentosa (collectively the “Vendors”) for the acquisition of an 80-hectare (“ha”) parcel of land (“Land1”) within the Sentul City township for a cash consideration of IDR1,764 billion (about RM509.8 million); and

(ii) conditional sale and purchase agreement between PT Genting Properti Jaya and the Vendors for the acquisition of a 72-ha parcel of land contiguous with Land1 (“Land2”) for a cash consideration of IDR288 billion (about RM83.2 million).

The aggregate purchase consideration for Land1 and Land2 amounts to IDR2,052 billion (about RM593.0 million).

Please refer to the attached announcement for further details.

This annoucement is dated 19 July 2024.