We refer to our announcement dated 28 August 2026.

The Board of Directors of MISC Berhad ("MISC" or the "Company") wishes to inform that the discussions with Yinson Legacy Sdn Bhd ("YLSB") and Employees Provident Fund Board ("EPF"), in relation to the potential proposal to privatise the Offeree by way of a scheme of arrangement under Section 366 of the Companies Act 2016 ("Proposed Scheme") remain ongoing. Pending further discussions, the indicative offer price remains at RM2.35 per share.
 

The Proposed Scheme, if implemented, is expected to involve the acquisition, by MISC and YLSB, of all remaining ordinary shares in the Offeree (amounting to approximately 55.20% of the issued share capital of the Offeree) not already held by YLSB, certain parties acting in concert with it, and EPF. Post completion of the Proposed Scheme, MISC and YLSB are expected to hold equal interest in the Offeree, with EPF retaining its existing effective shareholding in the Offeree.
 

The Proposed Scheme remains subject to, amongst others, evaluations and negotiations amongst the parties, execution of definitive agreements, determination of the final offer price, and such other requisite approvals and conditions as may be determined.
 

Accordingly, there can be no assurance that the discussions will lead to or result in the implementation of the Proposed Scheme. This announcement does not constitute a firm intention to privatise the Offeree and there is no certainty that any offer or transaction will ultimately be made. Shareholders and investors are advised to exercise caution when dealing in the securities of the Company and the Offeree.
 

MISC will make the necessary announcements on any material developments in relation to the foregoing in accordance with the applicable laws and regulations.
 

This announcement is dated 25 September 2026.