SINGAPORE, 28 AUGUST 2026

Frasers Property Limited (“Frasers Property”, and together with its subsidiaries, the “Group”) today announced that shareholders entitled to vote have approved the Proposed Transactions in connection with the proposed optimisation of Frasers Property’s hospitality assets under Frasers Hospitality Trust (the “Proposed FHT Portfolio Optimisation”).

At the Extraordinary General Meeting (“EGM”) held today, the Ordinary Resolution was approved by 99.07% of the total number of votes cast by shareholders entitled to vote. The approval enables the Group to move forward with the next phase of its hospitality strategy following the privatisation of Frasers Hospitality Trust in October 2025.

Mr Loo Choo Leong, Group Chief Financial Officer of Frasers Property, said, “On behalf of the Board and management, we thank our shareholders for their support. The approval of the Proposed FHT Portfolio Optimisation marks an important milestone in our capital allocation strategy. The transaction unlocks capital from mature assets, enhances the Group’s financial flexibility and gives us full ownership of Fraser Suites Singapore, facilitating the redevelopment of the wider Valley Point site. Together, these outcomes position us to pursue value creation opportunities and improve long-term shareholder value."

Ms Eu Chin Fen, Chief Executive Officer of Frasers Hospitality, added, “Our shareholders have given us a clear mandate. We can now move forward with the next phase of our hospitality strategy. The transaction creates a more focused and capital-efficient hospitality platform that retains our scale and recurring income base. We will continue to draw on our management and operating capabilities to drive performance across the portfolio and create value over the long term.”

The Group will now work towards implementation of the Proposed FHT Portfolio Optimisation which includes, among others, the receipt of the necessary regulatory and third-party approvals. The transaction is expected to complete by the end of FY2026, subject to satisfaction of the conditions under the Proposed Agreements.

Frasers Property will make further announcements upon completion of the Proposed Transactions or when there are other material developments in relation to the Proposed Transactions which warrant disclosure, in compliance with its obligations under the Listing Manual.