OTHERS IOI PROPERTIES GROUP BERHAD ("IOIPG" OR "COMPANY") — CLARIFICATION IN RESPONSE TO ARTICLES IN MEDIA

Others Ioi Properties Group Berhad ("Ioipg" Or "Company") - Clarification In Response To Articles In Media Ioi Properties Group Berhad Type Announcement Subject OTHERS Description IOI PROPERTIES GROUP BERHAD ("IOIPG" OR "COMPANY") — CLARIFICATION IN RESPONSE TO ARTICLES IN MEDIA The Board of Directors ("Board") of IOIPG wishes to provide clarification regarding recent media articles on potential investment opportunities. As part of its ongoing efforts to identify investment opportunities that support the Company's long-term growth strategy, Management evaluates potential acquisition opportunities frequently. Such preliminary assessments, including the evaluation and filtering of these potential investment opportunities for further consideration, form part of Management's ongoing process in relation to review of investment opportunities. At this stage, none of the potential acquisitions referred to in these articles has been formally reviewed by the Investment Committee or tabled for the Board's approval. Any potential decisions relating to these investment opportunities will be subject to review and deliberation by the Board prior to approval. The Company acknowledges that the pote