1. INTRODUCTION

Pursuant to Paragraph 9.04(e) of the Main Market Listing Requirements, the Board of Directors of NGGB (“Board”) is pleased to announce that Ultimate Ivory Sdn. Bhd., a wholly-owned subsidiary of the Company had on 7 March 2025 accepted Islamic Banking Financing of Ringgit Malaysia One Hundred and Eighty Million (RM180,000,000.00) only from AmBank Islamic Berhad (“Loan Facility”).

2. SALIENT TERMS OF THE LOAN FACILITY

Loan Type

(a) Murabahah Tawarruq Revolving Credit-i (“RC-i”)

(b) Murabahah Tawarruq Term Financing-I 1 (“TF-i 1”)

Purpose

To part finance the earthworks and infrastructure/facilities/utilities works, land related costs (premiums, statutory payments, levy, etc) in Green Technology Park, Pekan, Pahang and the Reducing Term Takaful /Level Term Takaful / keyman takaful contribution to cover the life of the key person(s).

Tenure

(a) RC-i

Up to 120 months (inclusive of 36 months grace period). Profit period: 1, 3 or 6 months.

(b) TF-i 1

Up to 120 months from the first business day of the following month from the date of first disbursement.

3. FINANCIAL EFFECTS OF THE BORROWING OF FUNDS

Share Capital and Substantial Shareholdings

The Loan Facility will not have any effect on the issued and paid-up capital of the Company or the shareholdings of the Company’s substantial shareholders.

Net Assets and Earnings per share

The Loan Facility is not expected to have any immediate impact on the net assets and earnings per share of the Company.

4. DIRECTORS’ AND MAJOR SHAREHOLDERS’ INTEREST

None of the Directors and/or major shareholders of the Company and/or person connected with them have any interest, direct and/or indirect, in the Loan Facility.

5. APPROVAL FOR THE BORROWING OF FUNDS

The Loan Facility is not subject to the shareholders’ approval in a general meeting of the Company and any relevant government authorities.

6. STATEMENT BY DIRECTORS

The Board, having reviewed and considered all aspects of the Loan Facility, is of the opinion that the Loan Facility is in the ordinary course of business and in the best interests of the Company.

This announcement is dated 7 March 2025.