The Board of Directors of Union Steel Holdings Limited announced that a final dividend (one-tier tax exempt) of SGD 0.05 per ordinary share for the financial year ended 30 June 2023 (`Final Dividend") which has been approved by the shareholders at the Company's Annual General Meeting held on 27 October 2023, would be payable on 24 November 2023 to shareholders registered in the Share Transfer Books and Register of Members of the Company as at 5.00 p.m. on 15 November 2023. Notice is hereby given that the Share Transfer Books and Register of Members of the Company will be closed at 5.00 p.m. on 15 November 2023 for the purpose of determining the entitlements of the Company's shareholders to the Final Dividend. Duly completed registrable transfers received by the Company's Share Registrar, B.A.C.S. Private Limited at 77 Robinson Road, #06- 03 Robinson 77, Singapore 068896 up to 5.00 p.m. on 15 November 2023 will be registered before entitlements to the Final Dividend are determined.

Shareholders whose securities accounts with The Central Depository (Pte) Limited are credited with ordinary shares at 5.00 p.m. on 15 November 2023 will be entitled to the Final Dividend.