We refer to Section 20.4(i) of the prospectus issued by Prolintas Managers Sdn Bhd (“Prolintas Managers” or “Trustee-Manager”) (on behalf of Prolintas Infra BT) dated 6 March 2024 in relation to the initial public offering and listing of Prolintas Infra BT on the Main Market of Bursa Malaysia Securities Berhad (“Prospectus”) and the announcement made on 15 November 2024.

The Board of Directors of Prolintas Managers (“Board of Directors”) wishes to provide an update on the arbitration proceeding involving GCE Co, a wholly-owned subsidiary of the Trust, and LATAR which was ongoing since 2019.

We are pleased to announce that the parties have reached a settlement arrangement in relation to the arbitration award dated 7 November 2024. A Consent Order has been recorded in court to formalize the settlement. As such, the matter has been resolved.

The Board of Directors are of the opinion that the abovementioned settlement will not have any material financial implications to Prolintas Infra BT, as Projek Lintasan Kota Holdings Sdn Bhd (“PLKH”), the major unitholder of the Trust has agreed to indemnify Prolintas Managers against any losses incurred and made against GCE Co in the Arbitration Cases, as disclosed in Section 6.1.8(i)(a) of the Prospectus.

This announcement is dated 24 December 2024.