Reference is made to the interview with the Group Chief Executive Officer and Managing Director on The Edge Malaysia Business & Investment Weekly for the week of 16 to 22 March 2026, entitled "Chun Fai outlines IJM's defence strategy", and various press articles published on 16 March 2026 following a press conference held in the same morning.

Reference is also made to page 28 of the Independent Advice Circular dated 13 March 2026 ("IAC") in relation to the conditional voluntary take-over offer by Sunway Berhad, which states that the "Group has monetisation potential of business divisions through the capital market".  The Company wishes to clarify that such monetisation potential may include, among others, the potential listing of the construction business and mature highways, as well as the potential divestment of the India toll concessions following the planned exit from the country. 

Notwithstanding the potential divestment of India toll concessions comprising Dewas Bypass Tollway Private Limited and Vijayapura Tollway Private Limited, these concessions have been valued using the discounted cash flow valuation methodology based on the projections prepared on a going concern basis.  In this regard, any future divestment of the India toll concessions will be undertaken at the prevailing market value on a willing-buyer, willing-seller basis at that material time.  In such event, the estimated value of the India toll concessions as disclosed in the IAC will serve as a guidance for the transaction.

The abovementioned potential monetisation plans are currently at a preliminary stage, involving the identification and assessment of the viability of suitable businesses and mature assets for potential monetisation.