The Board of Directors of Sime Darby Property Berhad ("Company") wishes to announce its Dividend Policy.

Under the Dividend Policy, the Company targets a dividend payout ratio of 40% to 60% of the Group's consolidated profit attributable to the owners of the Company ("PATAMI") excluding extraordinary items, subject to among others, availability of distributable reserves, projected levels of capital expenditure and investment plans, working capital requirements and existing and future debt obligations.

The Dividend Policy reflects the Group's shift towards a more balanced earnings profile, with a growing contribution from recurring income. The policy seeks to provide stable and sustainable dividends to shareholders while maintaining an efficient capital structure that retains adequate reserves to support the Group's business prospects, capital requirements and future growth.

The Dividend Policy takes effect immediately.

This announcement is dated 24 August 2026.