Unless otherwise stated, all definitions and terms used in this announcement shall have the same meaning as defined in the circular to unitholders of Al-'Aqar dated 21 November 2022 in relation to, among others, the Acquisitions and Leases.

We refer to the announcements dated 2 September 2022, 7 September 2022, 20 October 2022 and 16 November 2022 and the circular to unitholders dated 21 November 2022 in relation to, among others the Acquisitions and Leases.

On behalf of the Board, KAF IB is pleased to announce that the Acquisitions and Leases has been completed on 23 December 2022 and the Consideration Units have been issued and allotted on even date, in accordance with the terms of the Sale and Purchase Agreements.

This announcement is dated 23 December 2022.