Raffles Infrastructure Holdings Limited announced that the Group, has on April 18, 2022, incorporated a subsidiary in Indonesia. Name of New Subsidiary: PT. Raffles Digital Infrastructure Indonesia ("RDI Indonesia").

Authorised capital, issued: Authorised capital: IDR 10,000,000,000 (divided into 10,000 shares, and paid-in share capital each share carrying a nominal value of IDR 1,000,000). Issued and paid-in capital: IDR 10,000,000,000. Shareholding: 10 shares, equivalent to 0.1% held by the Company 9,990 shares, equivalent to 99.9% held by Raffles Digital Infrastructure Pte.

Ltd., a wholly-owned subsidiary of the Company. Principal Activities: Digital infrastructure programming and consultancy services. The incorporation of RDI Indonesia will be funded by the proceeds from the Group's internal resources and is not expected to have any material impact on the Company's earnings per share and the net tangible assets per share for the financial year ending 30 June 2022.

Mr. Ryan Chiu, the Deputy Chief Executive Officer of the Company, has been appointed as the president director of RDI Indonesia and a nominee director has been appointed as a director of RDI Indonesia. Ms Yuanita Tjia, the Non-Executive Non-Independent Director of the Company has been appointed as a commissioner of RDI Indonesia. Save as disclosed in this announcement, none of the Directors, substantial shareholders or controlling shareholders of the Company has any interests in the incorporation of RDI Indonesia, other than through their respective shareholding interest in the Company.