The Board of Directors of S P Setia Berhad (“S P Setia”) wishes to announce thatthe resolutions as set out in the Notice of Extraordinary General Meeting ("EGM") for Shareholders of S P Setia("Shareholders") dated 22 September 2022havebeen passed by the Shareholdersat the EGM for Shareholders held today.

The voting in respect of the resolutions were carried out by way of poll and the results were validated by Coopers Professional Scrutineers Sdn Bhd, the independent scrutineer appointed by S P Setia. Please refer to the attachment for the results of the poll.

This announcement is dated 18 October 2022.

PROPOSED AMENDMENTS TO CLAUSE 12 OF THE CONSTITUTION OF THE COMPANY WHICH SETS OUT THE TERMS OF THE ISLAMIC REDEEMABLE CONVERTIBLE PREFERENCE SHARES OF THE COMPANY ("RCPS-i A") ("PROPOSED AMENDMENTS TO RCPS-i A")

PROPOSED AMENDMENTS TO CLAUSE 13 OF THE CONSTITUTION OF THE COMPANY WHICH SETS OUT THE TERMS OF THE RCPS-i B ("PROPOSED AMENDMENTS TO RCPS-i B")