ADJUSTMENTS TO THE TERMS AND CONDITIONS OF THE NON-COLLATERALISED EUROPEAN-STYLE CASH SETTLED CALL WARRANTS OVER ORDINARY SHARES OF IOI PROPERTIES GROUP BERHAD ("IOIPG") ("IOIPG-C59") PURSUANT 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 Condition 2, Part 1 of the Deed Poll dated 8 October 2025 - Adjustment of Exercise Price, Underlying Index, Exercise Level and/or Exercise Ratio, the Exercise Ratio and Exercise Price of IOIPG-C59 shall be adjusted in accordance with the following formula:

Adjustment pursuant to Special Dividend

1. Adjusted Exercise Ratio = E x (P - D) / P

2. Adjusted Exercise Price = X x (P - D) / P

Whereby in respect of this Condition 2.1.1(d)(i) and (ii):

P: Closing price of IOIPG on the last market day on which IOIPG is traded on a cum-entitlement basis.

D: RM0.0800, being the Special Dividend per IOIPG share

X: RM4.2800, being the existing Exercise Price immediately prior to the Special Dividend

E: 3.0000, being the existing Exercise Ratio immediately prior to the Special Dividend

No adjustments will be made to the Exercise Ratio and/or Exercise Price of IOIPG-C59 if such adjustments would amount to less than two percent (2%) of the Exercise Ratio and/or Exercise Price being changed.

For avoidance of doubt, reference should be made to the Base Prospectus dated 17 October 2025, the First Supplementary Base Prospectus dated 14 November 2025, the Second Supplementary Base Prospectus dated 22 January 2026, the Third Supplementary Base Prospectus dated 18 March 2026, the Fourth Supplementary Base Prospectus dated 26 May 2026, the Fifth Supplementary Base Prospectus dated 7 July 2026 and the terms and conditions therein shall prevail.

RHBIB, as the issuer of IOIPG-C59, will make further announcements should there be any updates in due course.

This announcement is dated 28 August 2026.