We refer to our announcement dated 25 October 2023 in relation to the Proposed Disposal (as defined).

The Board of Directors of Malaysia Airports Holdings Berhad wishes to announce that the details of Utilisation of Proceeds from the Proposed Disposal as disclosed under Item 6 of the announcement are as follows: -

6. UTILISATION OF PROCEEDS FROM THE PROPOSED DISPOSAL

The Consideration to be received is proposed to be utilised in the following manner:

Note:

(1) Subject to the completion of the Proposed Disposal and approval by the Board of MAHB, it is the intention of the Company to utilise at least 80% of the proceeds of the Consideration towards capital expenditure programs which include but not limited to terminal expansion, asset replacement and asset upgrade of the airports operated by the Company.

(2) For MAHB Group's day-to-day operations including but ot limited to the purchase of inventories, payment for general corporate activities, general administration expenses, and to defray expenses incurred in the course of day-to-day business operations.

(3) Comprising estimated professional fees and other expenses in relation to the Proposed Disposal. If the actual expenses are higher than budgeted, the deficit will be funded out of the proceeds allocated for meeting working capital requirements. In the event that the actual expenses are lower than budgeted, the surplus will be allocated for meeting working capital requirements.

All other information in the earlier announcement dated 25 October 2023 remains unchanged.

This announcement is dated 30 October 2023.