Reference is made to Sarawak Plantation Berhad's (SPB) Circular to Shareholders dated 22 April 2025 (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 (proposed mandate). The proposed mandate was approved by the shareholders at the Annual General Meeting held on 23 May 2025.

SPB wishes to announce that the actual value of the RRPT entered into by its subsidiary, Sarawak Plantation Agriculture Development Sdn. Bhd. (SPAD) with its related party, Ta Ann Plywood Sdn. Bhd., has exceeded the estimated value by more than 10%. The details of the RRPT are as follows:

This announcement is dated 12 February 2026.