1. INTRODUCTION

The Board of Directors of Sunway wishes to announce that Sunway Iskandar Development Sdn Bhd (“SIDSB” or the “Issuer”), a 100%-owned subsidiary of Sunway City Sdn Bhd which in turn is a wholly-owned subsidiary of Sunway, has on 12 September 2025 lodged the required information and relevant documents relating to the MTN Programme with the Securities Commission Malaysia (“SC”) pursuant to the SC’s Guidelines on Unlisted Capital Market Products under the Lodge and Launch Framework (as may be amended from time to time) (“Guidelines on LOLA Framework”).

SIDSB is the master developer to construct and develop 1,300-acre mixed property development in Pendas (“Pendas Land”), a flagship integrated township located in Sunway City Iskandar Puteri (“SCIP”), Johor, within the southern development corridor of Iskandar Malaysia.

SCIP is located across a 2,000-acre site in Johor comprising the Pendas Land and land within Zone F Medini leased to Sunway Iskandar Sdn Bhd. SCIP is an integrated township which includes logistics, warehouses, education, hospitality, entertainment, retail, commercial and residential components. The proposed development is projected to span 20 to 30 years to be completed with an estimated gross development value of more than RM30.0 billion. The proposed development comprises 2 major precincts, namely Riverside and Capital, with a low plot ratio of 1:1. 

SCIP is the only green-certified township in Johor, attaining a Provisional Silver certification by the Green Building Index (GBI) Accreditation Panel. 

2. DETAILS OF THE MTN PROGRAMME

The MTN Programme is a perpetual programme which allows for issuances of MTN from time to time, provided that the aggregate nominal value of outstanding MTN shall not exceed RM2.0 billion at any point in time. 

The MTN Programme provides flexibility to the Issuer to issue Sustainability MTN and/or Sustainability-Linked MTN which is aligned to ASEAN Green Bond Standards, ASEAN Social Bond Standards, ASEAN Sustainability Bond Standards and/or the ASEAN Sustainability-Linked Bond Standards issued by ASEAN Capital Markets Forum, Green Bond Principles, Social Bond Principles, Sustainability Bond Guidelines and/or the Sustainability-Linked Bond Principles issued by International Capital Market Association (ICMA) and such other guidelines, frameworks, principles or standards which may be incorporated by the SC into the Guidelines on LOLA Framework.

The MTN Programme is unrated. Each issuance under the MTN Programme may be rated or unrated and to be determined prior to each MTN issuance.

Alliance Bank Malaysia Berhad is the Principal Adviser/Lead Arranger, Lead Manager and Facility Agent for the MTN Programme. 

3. UTILISATION OF THE PROCEEDS

The proceeds raised from the issuance of the MTN under the MTN Programme shall be utilised to finance capital expenditure, working capital (including property development costs) and/or general corporate purposes of the Issuer and its subsidiaries.

This announcement is dated 12 September 2025.