TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS NESTCON BERHAD ("NESTCON" OR THE "COMPANY") PROPOSED DIVERSIFICATION OF THE EXISTING BUSINESS OPERATIONS OF NESTCON BERHAD AND ITS SUBSIDIARIES TO INCLUDE ENGINEERING, PROCUREMENT, CONSTRUCTION AND COMMISSIONING OF SOLAR PHOTOVOLTAIC SYSTEMS, PROJECT MANAGEMENT OF RENEWABLE ENERGY ACTIVITIES AS WELL AS OWNING AND OPERATING SOLAR PHOTOVOLTAIC ASSETS ("PROPOSED DIVERSIFICATION")

NESTCON BERHAD ("NESTCON" OR THE "COMPANY")

PROPOSED DIVERSIFICATION OF THE EXISTING BUSINESS OPERATIONS OF NESTCON BERHAD AND ITS SUBSIDIARIES TO INCLUDE ENGINEERING, PROCUREMENT, CONSTRUCTION AND COMMISSIONING OF SOLAR PHOTOVOLTAIC SYSTEMS, PROJECT MANAGEMENT OF RENEWABLE ENERGY ACTIVITIES AS WELL AS OWNING AND OPERATING SOLAR PHOTOVOLTAIC ASSETS ("PROPOSED DIVERSIFICATION")

On behalf of the Board of Directors of Nestcon ("Board"), M & A Securities Sdn Bhd wishes to announce that the Company proposes to undertake the Proposed Diversification.

Please refer to the attachment for further details of the Proposed Diversification.

This announcement is dated 2 April 2024.

Please refer attachment below.