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Lagenda Reports Net Profit of RM35.7 Million For 3Q2022 Adopts 25% Dividend Payout Policy KUALA LUMPUR, 21 November 2022 – Affordable housing and integrated township developer Lagenda Properties Berhad (“Lagenda” or “the Group”, Stock Code:7179) has today released its third quarter financial results for the three months ended 30 September 2022 (“3Q2022”). For the first nine (9) months of the year, the Group’s revenue increased by 8% YoY to RM632.0 million and profit after tax and minority interest (“PATAMI”) was RM133.1 million. In 3Q2022, Lagenda registered a slight 2% decrease in revenue to RM180.7 million, compared to RM185.2 million achieved in 3Q2021. PATAMI for 3Q2022 was RM35.7 million as compared to RM45.5 million in the similar quarter of the preceding year. The decline in PATAMI was mainly due to upfront costs incurred in preparation for multi-states project launches in the coming quarters and the provision for prosperity taxes. Lagenda also announced the adoption of a dividend policy to payout at least 25% of its consolidated PATAMI as dividends, which will be effective in FY2022 and reviewed every two years. In October 2022, the Group launched its new township, Darulaman Lagenda, in Sungai Petani, Kedah which was met with overwhelming demand with all 282 units booked within several days. This signals that Lagenda is on-track to replicate its business model and success in other states to achieve its vision of being a nationwide affordable housing developer. The Group is slated to launch another 1,000 units in Darulaman Lagenda imminently. Managing Director of Lagenda, Dato’ Jimmy Doh <拿督卓致明> said: “Our bookings and sales momentum continued to be healthy in 3Q2022. As of 30 September 2022, the Group’s unbilled sales stood at RM653.6 million and the majority of this will translate into revenue in the coming quarters. We currently have a presence in two states and aim to venture into two additional new states in 2023. Despite certain headwinds faced by the property industry, such as rising interest rates and stringent loan approvals, we remain confident on the demand for affordable housing. There is a shortage of housing within the B40 group’s grasp across most states in Malaysia, leading to a large addressable market for Lagenda. Our niche focus on affordable landed housing allows us to remain somewhat insulated during challenging times. We see opportunities to increase our presence in more areas as the large majority of Malaysians continue to prioritise affordable living spaces with quality lifestyle facilities” he added. View Press Release Share

Lagenda Reports A 17% Y-O-Y Increase In 2Q2022 Net Profit to RM50.4 Million KUALA LUMPUR, 22 August 2022 – Affordable housing and integrated township developer Lagenda Properties Berhad (“Lagenda” or “the Group”, Stock Code:7179) has today released its second quarter financial results for the three months ended 30 June 2022 (“2Q2022”). Activities geared up for the Group in 2Q2022 with the launching of new phases in key projects across Sitiawan, Teluk Intan and Tapah. Revenue for 2Q2022 increased by 52% Y-o-Y to RM258.5 million as compared to the corresponding quarter of the preceding year. Profit after tax increased by 17% Y-o-Y to RM50.4 million. With greater momentum buoyed by the new launches, confirmed sales for 2Q2022 grew by 46% to RM211.8 million as compared to RM144.6 million in 2Q2021. As of 30 June 2022, the Group’s unbilled sales stood at RM634.1 million while outstanding bookings were RM310.2 million. Lagenda also declared an interim dividend of 3.0 sen per share, payable on 26 September 2022 representing a payout ratio of 26% for the six months ended 30 June 2022. The Group is committed to rewarding its shareholders by paying out 25% to 30% of its profits as dividends. The Group is ramping up activities in the second half of the year to achieve its target of launching more than 6,000 units of homes with GDV exceeding RM1 billion in 2022. The groundbreaking ceremony of its Sungai Petani township named Darulaman Lagenda, a joint venture with Bina Darulaman Bhd, took place yesterday and was officiated by Kedah Menteri Besar, YAB Dato’ Seri Sanusi Md Nor. This marked the Group’s first foray to expand beyond Perak towards its goal of being a nationwide affordable housing developer. With more than 2,500 homes to be built in three phases, Darulaman Lagenda will be the largest affordable housing township in Kedah. Managing Director of Lagenda, Dato’ Jimmy Doh <拿督卓致明> said: “Our results were satisfactory in 2Q2022 and during the quarter, we launched more than 3,000 units of homes which will contribute towards our performance in the coming months. These new launches achieved healthy take-up rates, signalling the continued strong demand for Lagenda’s projects and we expect this to extend into our future launches. We are also delighted by the positive preliminary response received for Darulaman Lagenda (our first township in Sungai Petani, Kedah) and remain confident of establishing ourselves in more states throughout the country. We are still very much a young and growing company. As we continue to expand, we will enjoy greater efficiencies as we operate on a highly scalable model akin to mass manufacturing. Affordable housing is a need across all states which is evident as buyers for our Perak projects come from all states in Malaysia, including East Malaysia. We are able to create migration due to the value and lifestyle that we offer. Our strong balance sheet with a low net gearing ratio of 0.05 times positions us well for further landbanking activities. On 9 August 2022, we announced a proposed acquisition of 422 acres of land adjacent to Lagenda Teluk Intan to maximise the potential of our existing project. We are currently in negotiations with other landowners to further expand our footprint into more states in Malaysia and to achieve our goal of launching at least one new township per year to provide sustainable growth”, he added. View Press Release Share