VICOM : Results Of The Forty-Third Annual General Meeting Held On 24 April 2024

VICOM LTD

(Company Registration No. 198100320K)

(Incorporated in the Republic of Singapore)

(the "Company")

RESULTS OF THE FORTY-THIRD ANNUAL GENERAL MEETING

HELD ON 24 APRIL 2024

VICOM Ltd (the "Company") is pleased to announce that, pursuant to Rule 704(16) of the Listing Manual of the Singapore Exchange Securities Trading Limited ("SGX-ST"), on a poll vote, all resolutions as set out in the Notice of Annual General Meeting ("AGM") dated 26 March 2024 have been duly approved and passed by the Shareholders at the Forty-Third AGM of the Company held on 24 April 2024.

1. The results of the poll on each of the resolutions put to the vote at the AGM are set out below:

Resolution number and details

Ordinary Business

Resolution 1

Adoption of Directors' Statement and Audited Financial Statements for the financial year ended 31 December 2023

Resolution 2

Declaration of Final Dividend for the financial year ended 31 December 2023

Resolution 3

Approval of Directors' Fees amounting to S$734,314 for the financial year ended 31 December 2023

Total number of

shares

represented by

votes for and

against the relevant resolution

240,032,500

240,027,100

240,014,100

For		Against
Number of	%	Number of	%
Shares		Shares

239,987,400 99.98 45,100 0.02

240,015,100 100.00 12,000 0.00

239,675,800 99.86 338,300 0.14

1

Resolution number and details

Ordinary Business

Resolution 4

Approval of Directors' Fees of up to S$745,315 for the financial year ending 31 December 2024

Resolution 5

Re-election of Dr Tan

Kim Siew as a

Director

Resolution 6

Re-election of

Professor Shim Phyau

Wui, Victor as a

Director

Resolution 7

Re-election of Ms

June Seah Lee Kiang

as a Director

Resolution 8

Re-election of Ms

Wong Yoke Woon as

a Director

Resolution 9

Re-appointment of Messrs Ernst & Young LLP as Auditors and authorising the Directors to fix their remuneration

Total number of	For		Against
shares
represented by	Number of	%	Number of	%
votes for and	Shares		Shares
against the
relevant
resolution

239,964,100

239,622,800

99.86

341,300

0.14

239,988,500

239,730,100

99.89

258,400

0.11

239,982,100

239,435,700

99.77

546,400

0.23

239,986,100 239,435,700 99.77 550,400 0.23

239,982,100 239,195,000 99.67 787,100 0.33

240,015,200 239,440,500 99.76 574,700 0.24

1. DETAILS OF SHAREHOLDERS WHO ARE REQUIRED TO ABSTAIN FROM VOTING ON CERTAIN RESOLUTIONS ARE SET OUT BELOW:
2. 1. None of the Non-Executive Directors hold the Company's shares as at the date of this AGM, and hence none of them are required to abstain from voting on

2

Resolutions 3 and 4 in respect of the payment of Directors' Fees for the financial year ended 31 December 2023 and for the financial year ending 31 December 2024.

1. 1. None of the Directors who sought re-election as Directors of the Company pursuant to Resolutions 5 to 8 hold the Company's shares as at the date of this AGM, hence none of them are required to abstain from voting on these resolutions.
2. NAME OF FIRM AND/OR PERSON APPOINTED AS SCRUTINEER
   CitadelCorp Services Pte. Ltd. was appointed as the independent scrutineer for polling conducted at the AGM.
3. RE-APPOINTMENTOF DIRECTORS TO THE AUDIT AND RISK COMMITTEE

Professor Shim Phyau Wui, Victor, Ms June Seah Lee Kiang and Ms Wong Yoke Woon, who were re-elected as Directors of the Company at the AGM, will continue to serve as members of the Audit and Risk Committee. The Board considers Professor Shim, Ms Seah and Ms Wong as Independent Directors of the Company, pursuant to Rule 704(8) of the Listing Manual of the SGX-ST.

There are no changes to the composition of the Board and Board Committees.

1. CHIEF EXECUTIVE OFFICER'S AND CHIEF FINANCIAL OFFICER'S PRESENTATION SLIDES AT THE AGM

A copy of the slides presented by the Company's Chief Executive Officer, Mr Sim Wing Yew, and Chief Financial Officer, Ms Lee Peck Kim, Mary, at the AGM is enclosed for shareholders' reference.

(f) MINUTES OF AGM

A copy of the minutes of the AGM will be posted on SGXNET and the Company's website no later than one month from the date of the AGM.

BY ORDER OF THE BOARD

VICOM LTD

Angeline Joyce Lee Siang Pohr

Cher Ya Li Sheryl

Company Secretaries

24 April 2024

3

Presentation for

43RD ANNUAL

GENERAL MEETING

24 APRIL 2024

DISCLAIMER

This presentation is for information only and does not constitute an invitation or offer to acquire, purchase or subscribe for shares ("Shares") in VICOM Ltd (the "Company"). The value of shares and the income derived from them may fall as well as rise. Shares are not obligations of, deposits in, or guaranteed by, the Company or any of its affiliates. An investment in Shares is subject to investment risks, including the possible loss of the principal amount invested. The past performance of the Company is not necessarily indicative of its future performance.

This presentation may also contain forward looking statements that involve risks and uncertainties. Actual future performance, outcomes and results may differ materially from those expressed in forward looking statements as a result of a number of risks, uncertainties and assumptions. You are cautioned not to place undue reliance on these forward looking statements, which are based on current view of management on future events.

No part of this document, nor the fact of its distribution, should form the basis of, or be relied on in connection with, any contract or commitment or investment decision whatsoever. No representation, warranty or undertaking, express or implied, is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of the information or the opinions contained herein. None of the Company or any of its subsidiaries, affiliates, advisors or representatives and agents shall have any responsibility or liability whatsoever (in negligence or otherwise) relating to the accuracy or completeness of the information and opinions contained in this document or for any loss howsoever arising from any reliance or use of this document or its contents or otherwise arising in connection with the document. The information contained in this document is not to be taken as any recommendation made by the Company or any other person to enter into any agreement with regard to any investment.

The inclusion of financial information in this document should not be regarded as a representation or warranty by the Company, or any of its affiliates, advisors or representatives or any other person as to the accuracy or completeness of such information's portrayal of the financial condition or results of operations of the Company and should not be relied upon when making an investment decision. The information contained in this document is provided as at the date of this document and is subject to change without notice.

If you have any doubt about the foregoing or any content of this document, you should obtain independent professional advice.

CONTENTS

1 Review of FY 2023 Financial Results

2 FY 2023 Dividend Payout & Shareholder Return

3 Development of leasehold land in Jalan Papan

Review of FY 2023 Financial Results

INCOME STATEMENT

Revenue Operating Costs Operating Profit Profit After Tax Profit after Tax and Minority Interest (PATMI) EBITDA

2023	2022
$'m	$'m
111.9	108.3
(78.8)	(75.6)
33.1	32.7
28.0	26.6

27.6

26.2

40.9

39.9

Fav/(Adv)
$'m	%
3.6	3.3
(3.2)	(4.2)
0.4	1.2
1.4	5.5

1.4

5.4

1.0

2.5