MULTIPLE PROPOSALS IGB BERHAD ("IGB") (I) PROPOSED DISPOSAL; AND (II) PROPOSED DIS (COLLECTIVELY, THE "PROPOSALS")

IGB BERHAD

Type	Announcement
Subject	MULTIPLE PROPOSALS
Description	IGB BERHAD ("IGB") (I) PROPOSED DISPOSAL; AND (II) PROPOSED DIS (COLLECTIVELY, THE "PROPOSALS")
IGB BERHAD (“IGB” OR “COMPANY”) (I) PROPOSED DISPOSAL OF THE MALL, MID VALLEY SOUTHKEY, JOHOR (“MVS MALL”) TOGETHER WITH THE RELATED ASSETS AND RIGHTS BY SOUTHKEY MEGAMALL SDN BHD (“SMSB”), AN INDIRECT 70%-OWNED SUBSIDIARY OF IGB, TO MTRUSTEE BERHAD (AS TRUSTEE OF IGB REAL ESTATE INVESTMENT TRUST (“IGB REIT”)) FOR A TOTAL DISPOSAL CONSIDERATION OF RM2.65 BILLION (“PROPOSED DISPOSAL”); AND (II) PROPOSED DISTRIBUTION-IN-SPECIE BY IGB OF PART OF THE CONSIDERATION UNITS (TO BE RECEIVED FROM IGB REIT PURSUANT TO THE PROPOSED DISPOSAL) TO THE ENTITLED SHAREHOLDERS OF IGB ON AN ENTITLEMENT DATE TO BE DETERMINED LATER (“PROPOSED DIS”) (COLLECTIVELY, THE “PROPOSALS”) We refer to the announcements dated 24 June 2025, 25 June 2025 and 22 October 2025 (“Announcements”) and the circular to IGB’s shareholders dated 29 August 2025 (“Circular”) in relation to the Proposals. Unless otherwise specified, the definitions in the Announcements and Circular shall apply here. On behalf of the Board, CIMB wishes to announce that the Proposed Disposal has been completed on 20 November 2025 in accordance with the terms and conditions of the SPA. This announcement is dated 20 November 2025.

Announcement Info

Company Name	IGB BERHAD
Stock Name	IGBB
Date Announced	20 Nov 2025
Category	General Announcement for PLC
Reference Number	GA1-20112025-00081