CLAIM 1 (FORMERLY KNOWN AS "MAIN ACTION") BETWEEN PRAI POWER SDN BHD ("PPSB" OR "PRAI POWER") (AS CLAIMANT) AND (1) GE ENERGY PARTS, INC ("GE ENERGY PARTS"), (2) GE POWER SYSTEMS (MALAYSIA) SDN BHD ("GE POWER SYSTEMS"), (3) GENERAL ELECTRIC INTERNATIONAL, INC ("GE INTERNATIONAL"), AND (4) GENERAL ELECTRIC COMPANY ("GE") (COLLECTIVELY "GE ENTITIES") (AS RESPONDENTS); AND

CLAIM 2 (FORMERLY KNOWN AS "THIRD PARTY CLAIM") BETWEEN GE ENTITIES (AS CLAIMANTS) AND (1) MALAKOFF POWER BERHAD ("MPB"), AND (2) MALAKOFF CORPORATION BERHAD ("MCB") (COLLECTIVELY "MALAKOFF ENTITIES") (AS RESPONDENTS), IN RELATION TO THE PRAI POWER PLANT ("PLANT")

Reference is made to the Company's earlier announcements dated 13 August 2019, 4 October 2019, 16 January 2020, 22 June 2020 and 7 July 2026 ("Announcement") in respect of SIAC Arbitration No. 278 of 2018 commenced by Allianz General Insurance Company (Malaysia) Berhad, in the name of Prai Power Sdn Bhd ("Prai Power"), a wholly-owned subsidiary of Malakoff Corporation Berhad ("MCB"), as Claimant in Claim 1, against the GE Entities as Respondents, in relation to the Plant, and in particular the announcement dated 7 July 2026 pertaining to the receipt of the Partial Final Award on Claim 1 dated 6 July 2026, registered as Award No. 110 of 2026 in the SIAC Registry of Awards ("Partial Final Award"). Unless otherwise stated, words and phrases used in this announcement shall have the same meaning as defined in the Announcement.

MCB wishes to announce that on 4 August 2026, the GE Entities confirmed that, on the expiry of 28 days from the Tribunal's determination of Claim 1 (being the issuance of the Partial Final Award on Claim 1) on 3 August 2026, they do not intend to pursue and hereby withdraw Claim 2. Accordingly, pursuant to the Tribunal's direction in the Order of Termination dated 19 August 2026, Claim 2 shall be treated as withdrawn, with no liberty to file afresh and no relief (including as to costs) awarded.

The Partial Final Award is not expected to have any material financial impact on the MCB Group for the financial year ending 31 December 2026. The withdrawal of Claim 2 is similarly not expected to have any material financial impact on the MCB Group.

This announcement is dated 20 August 2026.