The Board of Directors of KSL ("Board") is pleased to declare a final single-tier dividend of 8.0 sen per ordinary share in KSL ("KSL Share") in respect of the financial year ended 31 December 2024 ("Final Dividend"), subject to the approval of the shareholders of KSL ("Shareholders") at the forthcoming Annual General Meeting.

The Board had resolved that the dividend reinvestment plan ("DRP"), which was approved by the Shareholders at the Extraordinary General Meeting of KSL held on 28 November 2014, will apply to the entire Final Dividend. The Shareholders will be provided an option to elect to reinvest the Final Dividend into new ordinary shares of KSL ("New Shares").

The issue price of the New Shares ("Issue Price"), which will be determined by the Board on a price fixing date ("Price Fixing Date"), shall be fixed at a price of not more than 10.0% discount to the five-day volume weighted average market price ("VWAP") of KSL Shares immediately preceding the Price Fixing Date. The five-day VWAP of KSL Shares shall be
adjusted ex-dividend before applying the aforementioned discount. The announcements on the Issue Price, books closure date and payment date for the Final Dividend will be made at a later date.

Under the DRP, Shareholders will have the following options:

(a) to elect to participate by reinvesting in whole or in part the Final Dividend into the New Shares at the Issue Price;

In the event that only part of the Final Dividend is reinvested, Shareholders shall receive the remaining portion of the Final Dividend in cash; or

(b) to elect not to participate in the reinvestment option and thereby receive the entire Final Dividend in cash.

The Company will submit an application to Bursa Malaysia Securities Berhad ("Bursa Securities") for the listing and quotation of the New Shares on the Main Market of Bursa Securities pursuant to the DRP.

This announcement is dated 21 April 2025.