(Unless otherwise defined, capitalised terms used in this announcement shall have the same meanings as those given to them in the announcement dated 24 August 2023 in relation to the Proposals)

Reference is made to the Company’s announcement dated 24 August 2023, informing the shareholders of the Company that SDESB (as the purchaser) and Sime Darby Holdings Berhad (as the warrantor), both wholly-owned subsidiaries of Sime Darby Berhad, had on even date entered into a conditional share purchase agreement (“SPA”) with Permodalan Nasional Berhad and AmanahRaya Trustees Berhad as trustee for the unit trust funds to acquire an aggregate of 714,813,100 ordinary shares in UMW (“UMW Share(s)”), representing approximately 61.18% equity interest in UMW for a total cash consideration of RM3,574,065,500 or RM5.00 per UMW Share.

The Board of Directors of the Company wishes to announce that the Company has on 6 December 2023 received the Notice from CIMB Investment Bank Berhad, on behalf of SDESB, to acquire all the remaining UMW Shares not already owned by SDESB, Sime Darby Berhad and persons acting in concert with them (“Offer Share(s)”) for a cash consideration of RM5.00 per Offer Share.

A copy of the Notice is attached herewith. The Notice will be posted to the shareholders of UMW within seven (7) days of its receipt.

This announcement is dated 6 December 2023.