Afcons Infrastructure Limited — Important, 31-01-2026: Disclosure of material issue

Afcons Infrastructure faces a bond invocation worth EUR 17,848,844 by Société Autoroutière du Gabon (SAG) related to a road project. This EPC contract, originally valued at approximately EUR 113.03 million, is 93.47% complete.

**The Issue:** The bond invocation stems from disagreements over certification of balance works and corresponding payments. Afcons believes the invocation is inconsistent with contractual terms.

**Company Response:** Afcons has initiated arbitration proceedings under International Chamber of Commerce (ICC) rules to address project delays and additional costs incurred.

**Investor Impact:** Afcons assures this dispute is project-specific and *will not* materially impact its overall order book, operational capability, liquidity position, or business outlook. The company has made appropriate provisions for the financial exposure.

#Afcons #Infrastructure #InvestorUpdate