📈 ODEL Mall Project Update: Focus Shifts to Zone 1

• Corporate Disclosure: ODEL PLC issued a formal announcement to the Colombo Stock Exchange on July 27, 2026, to address market speculation and clarify the status of its flagship Colombo 07 development. • Strategic Revision: The mixed-use project has been restructured, narrowing the immediate primary focus solely to the completion of Zone 1, construction for which has officially re-commenced. • Timeline & Outlook: The company expects Zone 1 to be fully completed within the next 1.5 to 2 years, providing a realistic 24-month roadmap for shareholders and the public. • Future Plans: Zone 2, comprising a 100-perch land block, is currently being held for future development and is excluded from the immediate construction phase.