Release of Supplementary Target's Statement

• Atlas Arteria advises shareholders to reject the off-market takeover offer by IFM Global Infrastructure Fund
• The offer is deemed too low, opportunistic, and highly conditional
• Independent Expert reconfirms the offer undervalues Atlas Arteria

Atlas Arteria has released a Supplementary Target's Statement in response to an unsolicited off-market takeover bid by IFM Global Infrastructure Fund. The company's Independent Directors continue to recommend that shareholders reject the offer, stating it is too low, opportunistic, and highly conditional. The offer price of $4.75 per security is below the Independent Expert's valuation range of $5.39 to $6.20 per security and the closing price of $5.04 on 1 June 2026. The offer also remains subject to extensive conditions, and the Bidder has the ability to pay more after the offer period.

Offer price: $4.75 per security; Independent Expert valuation: $5.39 to $6.20 per security

Atlas Arteria encourages shareholders to consider the offer carefully and seek independent financial advice before making a decision.