Bathla Group wishes to clarify several inaccuracies contained in a recent media article regarding our business and lending relationships. The decision to refinance our loan portfolio with Alceon was made by Bathla for sound commercial reasons and was not initiated by Alceon. Alceon extended its lending with Bathla in mid-2025 and confirmed on numerous occasions that it was comfortable retaining the loans through to project completion. We remain in ongoing discussions with Alceon regarding potential future lending and share the view expressed publicly that both parties are open to working together again.

Also, we confirm that Bathla has not had any loan exposure to Napla for some time and does not have any lending relationship with Manda Capital, contrary to statements in the article.

In addition, none of our Western Sydney development sites are subject to flood rezoning measures.

With a proud 28 year history and more than 15,000 homes delivered, Bathla continues to attract interest from a broad range of financiers, reflecting confidence in our track record, land holdings, and development pipeline.