On behalf of the Board of Directors of Sime Darby Property, Maybank Investment Bank Berhad (“Maybank IB”) is pleased to announce that Sime Darby Property has on 29 April 2025 successfully issued RM800.0 million in nominal value of Sukuk Musharakah (“Sukuk Issuance”) under the Sukuk Musharakah Programme. The Sukuk Musharakah Programme’s rating of AA+IS has been affirmed by MARC Ratings Berhad with a stable outlook.

The Sukuk Issuance is the third issuance under the Sukuk Musharakah Programme, which comprises the following:

The proceeds from the issuance of the Sukuk Musharakah shall be utilised to finance Sime Darby Property Group’s future investments and/or capital expenditure and/or the Sime Darby Property Group’s working capital requirements and general corporate purposes and/or, if required, to refinance debt obligations (whether in whole or in part) of Sime Darby Property Group. In any case, all utilisation of funds shall be Shariah compliant.

Maybank IB is the sole Principal Adviser and Lead Arranger for the Sukuk Musharakah Programme. CIMB Investment Bank Berhad, Maybank IB and OCBC Al-Amin Bank Berhad are the Joint Lead Managers for the Sukuk Issuance.

This announcement is dated 29 April 2025.