RETAL URBAN DEVELOPMENT COMPANY ANNOUNCEMENT OF OFFER PRICE RANGE

Following the announcement on 9 May 2022G, Reatal Urban Development (“Retal” or the “Company”) , a real estate development champion, of its intention to float 30% of its share capital to the public, the Company announces today the price range for the Initial public offering (the “ IPO “ or the “ Offering “ ) as well as the commencement of the participating parties book - building period. The approved red herring prospectus containing the  full details of the Offering has been published on May 9 .2022G