MEFIC REIT Fund announces an Addendum Announcement regarding the Occurrence of a Specific Event for MEFIC REIT Fund.

And further to the supplementary announcement published on 5 January 2026, stating that the parties had agreed to renew the term of the MoUs for a similar period commencing on 12 January 2026 and ending on 13 March 2026, renewable upon mutual agreement of the parties;

And further to the supplementary announcement published on 15 March 2026, stating that agreements had been reached with the respective sellers to enter into real estate asset sale and purchase agreements for the acquisition of ownership of a property in Jeddah and a property in Makkah, and that the parties had agreed to renew the term of the Memorandum of Understanding relating to the Jazan property.

1) Jeddah Property:

With reference to the Real Estate Asset Sale and Purchase Agreement relating to the property located in Jeddah, signed on 13 March 2026 ("Jeddah Agreement"), the parties to the Jeddah Agreement have agreed to amend certain provisions thereof pursuant to an amendment agreement to the sale and purchase agreement ("Jeddah Property Amendment Agreement").

Under the Jeddah Property Amendment Agreement, the parties agreed as follows:

(a) To amend the Purchase Price (as defined in the Jeddah Agreement) so that it shall be paid partly in cash and partly in kind, instead of being paid entirely in kind, provided that the Fund Manager fully covers the amount of the additional cash offering of the Fund's units.

(b) To amend the Long Stop Date (as defined in the Jeddah Agreement) to be 22 October 2026, or such other date as may be agreed by the parties in writing.

(c) To add a condition precedent to the effectiveness of the Jeddah Agreement requiring that the Fund Manager fully covers the amount of the additional cash offering of the Fund units relating to the real estate assets.

2) Makkah Property:

With reference to the Land Sale and Purchase Agreement relating to the property located in Makkah, signed on 13 March 2026 ("Makkah Agreement"), the parties to the Makkah Agreement have agreed to amend certain provisions thereof pursuant to an amendment agreement to the sale and purchase agreement ("Makkah Property Amendment Agreement").

Under the Makkah Property Amendment Agreement, the parties agreed as follows:

(a) To amend the Long Stop Date (as defined in the Makkah Agreement) to be 22 October 2026, or such other date as may be agreed by the parties in writing.

3) Jazan Property:

The Fund Manager has agreed with the prospective seller of the usufruct right relating to the Jazan property to renew the term of the Memorandum of Understanding for a period of 90 business days, expiring on 22 October 2026. The term may be renewed by written agreement between the parties in order to complete the study of the potential acquisition of the usufruct right over a property located in Jazan, with a total area of approximately 32,293.23 square metres.

MEFIC Capital will announce any subsequent developments in due course.