In terms of the Listing Requirements of the Malawi Stock Exchange, a listed company is required to publish a trading statement (within 30 days prior to the reporting period) as soon as there is a reasonable degree of certainty that the financial results for the period to be reported upon next will differ by at least 20% from that of the corresponding period.

ICON Properties plc (ICON) accordingly advises that the profit after tax for the half year ending 30 June 2025 is expected to be between MK11 billion and MK13 billion representing an increase of between 18% to 33% above
the previous corresponding period ended 30 June 2024 profit after tax of MK9.7 billion.

The information used to derive the expected performance for the above trading statement has not been reviewed or reported on by ICON’s statutory auditors.

The summary financial results of the Company for the half year ending 30 June 2025 are expected to be published in the press within the regulatory time period.

By Order of the Board
Kizito Kumwenda
Company Secretary
27 June 2025