1. Introduction

The Board of Directors of JLG REIT Managers Sdn. Bhd., the management company of Al-Salam Real Estate Investment Trust ("Al-Salam REIT" or "the REIT"), wishes to announce that AmanahRaya Trustees Berhad, the trustee of Al-Salam REIT, has carried out a revaluation on the investment properties of Al-Salam REIT.

2. Purpose of Revaluation

The revaluation was undertaken in compliance with Paragraph 10.02(b)(i) of the Guidelines on Listed Real Estate Investment Trusts issued by the Securities Commission Malaysia, which requires the investment properties to be revalued at least once in every financial year and for accounting purposes in accordance with Malaysian Financial Reporting Standard 140.

3. Summary of Revaluation

The revaluation exercise resulted in a net revaluation deficit of approximately RM3.1 million, after taking into account capital expenditure and accrued unbilled rental income. Details of the revaluation, including the list of properties and valuation results, are set out in the attachment.

4. Effect on Net Asset Value ("NAV")

The NAV per unit attributable to unitholders of Al-Salam REIT, before income distribution, is RM1.1241 based on the unaudited financial results for the financial year ended 31 December 2025.

5. Documents Available for Inspection

The valuation reports are available for inspection at the management office of the Manager during normal business hours for a period of three (3) months from the date of this announcement.

This announcement is dated 2 April 2026.