31 July 2026

AEP Plantations Plc

("AEP" or the "Company")

Completion of the Acquisition of PT Jaya Jadi Utama via Admiral Potential Sdn Bhd

AEP Plantations Plc, which owns, operates and develops plantations in Indonesia and Malaysia, is pleased to announce, further to the Company's RNS on 14 October 2025, that it has completed the acquisition of Admiral Potential Sdn Bhd ("Admiral Potential") which, following completion, owns 100% of PT Jaya Jadi Utama ("PT JJU") (the "Acquisition").

PT JJU holds 7,169 hectares of HGU (Right to Cultivate) in Central Kalimantan, providing an estimated plantable area of approximately half the HGU while maintaining AEP's no-deforestation commitment.

The acquisition is expected to deliver a number of strategic benefits to the Group:

·    Proximity to existing operations - PT JJU's concession borders the Group's estate under PT Kahayan Agro Plantation ("KAP"), offering opportunities for operational efficiencies in management, logistics and supply chain coordination.

·    Strengthening FFB supply for the KAP mill - The existing planted area, together with future plantings at PT JJU, will provide a valuable source of fresh fruit bunches ("FFB") for the new KAP mill, supporting higher utilisation and improved efficiency as volumes increase.

·    Future growth potential - The acquisition provides room for further expansion at a time when the KAP estate, comprising approximately 8,000 hectares (including plasma), is fully planted. Development of the PT JJU concession is expected to enhance the Group's long-term production capacity.

Commenting, Kevin Wong Tack Wee, CEO said:

"The acquisition of PT JJU represents another important step in our growth strategy adding feedstock to our new mill in adjacent acreage and making a meaningful contribution to our future potential."

For further enquiry, contact: