Afcons Infrastructure Limited — Important, 18-05-2026: Disclosure of material issue

Afcons Infrastructure update on Croatia projects: The company lost two road projects where it was the lowest bidder (L1), as its offer price exceeded the client's financial resources. This could impact future order book growth from these specific projects.

However, Afcons *has* secured a separate railway line project in Croatia, confirming its selection as the most suitable bidder for rehabilitation and construction. The company will keep exchanges informed of further developments.