The Board of Directors of Time wishes to announce that the Company has adopted a new dividend policy to pay an annual dividend of 50% to 75% (previously up to 50%) of the Group's Normalised Profit after Tax and Minority Interests provided that such distribution will not be detrimental to the Group, after taking into account its working capital needs, long term capital requirements, and overall financial position. The Group's Normalised Profit after Tax and Minority Interests is defined as the Group's consolidated Profit after Tax and Minority Interests adjusted for exceptional items.

The new dividend policy shall be effective 26 February 2026.

This announcement is dated 26 February 2026.