Reference is made to Sarawak Plantation Berhad's (SPB) Circular to Shareholders dated 23 April 2024 ("the Circular") in relation to the proposed renewal of existing shareholders' mandate and proposed new shareholders' mandate for RRPT of a revenue or trading nature ("the proposed mandate"). The proposed mandate was approved by the shareholders at the Annual General Meeting held on 24 May 2024.

SPB wishes to announce that the actual value of RRPT entered into by its subsidiary, Sarawak Plantation Agriculture Development Sdn. Bhd. ("SPAD") with its related party, TBS Oil Mill Sdn. Bhd., had exceeded the esimated value by more than 10% again since the date of its last announcement on 2 April 2025. The details of the RRPT are as follows:

This announcement is dated 19 May 2025.