Page 18 - SOBHA REALTY PR REPORT - AUGUST 2024

Press Release

PNC Menon, Founder and Chairman of Sobha Group Pledges to Build 50 Homes for
Wayanad Landslide Victims

UAE, 02 August 2024 - Mr. PNC Menon, Founder and Chairman, Sobha Group, pledges to build 50
homes for families affected by the recent landslides in Wayanad, Kerela, India. This gesture is a
heartfelt response to the devastating natural disaster, reflecting Mr. Menon’s deep commitment to
philanthropy and community support.

Mr. Menon expressed his profound condolences for the lives lost and families displaced by the
landslides. "In this hour of distress, we stand in solidarity with the people of Wayanad. Our pledge to
build 50 homes is aimed at providing not only immediate relief but also long-term support to the
affected families," he stated.

The construction of these 50 homes in Wayanad would be in an addition to the 1000 homes, that
Sobha Group is already building for the underprivileged families in Palakkad district in Kerala.

The selection process for the beneficiary families will be based on impartial criteria, ensuring that the
aid reaches those most in need. The construction and funding of these homes will be managed through
the Sri Kurumba Educational and Charitable Trust, established by Mr. PNC Menon and Mrs. Sobha
Menon. This Trust has been instrumental in driving philanthropy and spearheading various CSR
initiatives in Kerala.

Mr. Menon, who has dedicated 50% of his wealth towards advancing social welfare, believes in the
transformative power of philanthropy. He firmly believes that contributing to the community is not an
act of charity but a moral responsibility to uplift society.

His commitment to contributing to the community is reflected in numerous initiatives across education,
healthcare, and social empowerment. From serving on the Board of Governors of the Rashid Centre
for People of Determination in Dubai, contributing significantly to the Al Jalila Foundation and Noor
Dubai, to impactful projects in India such as the Sobha Healthcare Centre, Sobha Academy, and
various women empowerment programs, Mr. Menon's efforts have touched lives across the globe.

By pledging to build 50 homes in Wayanad, Sobha Group reaffirms its commitment to social
responsibility and community support. This initiative significantly contributes to the rehabilitation
efforts in Wayanad and highlights the Group's dedication to making a positive impact in the lives of
those affected by natural calamities.

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