Link: https://links.sgx.com/1.0.0/corporate-announcements/KBZPJ90HDTHXGOAC/769115ec92a316875f54575a6fc36d2e1c1d0ff1eb617b086e350bcbfa079169

Summary:

• Metro Group sold Dalyellup Shopping Centre in Western Australia for A$35.8 million (S$30.4 million), marking a major portfolio reconstitution initiative.

• The divestment reduces Metro’s Australia portfolio from 18 to 17 properties and cuts Western Australia exposure; net sale proceeds to Metro are estimated at A$4.8 million (S$4.1 million).

• Sale aligns with Metro and Sim Lian’s strategic shift toward the eastern seaboard, following recent prime office acquisitions in Sydney.

• Net proceeds will support bank loan repayments and possible capital returns to shareholders.

• The transaction is not expected to have a material impact on Metro’s FY2026 net tangible assets or earnings per share.

• Board confirms no director or controlling shareholder has interests in the divestment other than through ordinary shareholdings.