JATT II ACQUISITION CORP INDEX TO FINANCIAL STATEMENT Page Financial Statement of JATT II Acquisition Corp: Report of Independent Registered Public Accounting Firm F-2 Balance Sheet as of

JATT II ACQUISITION CORP

INDEX TO FINANCIAL STATEMENT

REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING

To the Shareholders and the Board of Directors of

JATT II Acquisition Corp

Opinion on the Financial Statement

We have audited the accompanying balance sheet of JATT II Acquisition

Corp (the "Company") as of April 20, 2026, and the related notes (collectively referred to as the "financial statement").

In our opinion, the financial statement presents fairly, in all material respects, the financial position of the Company as of April 20,

2026, in conformity with accounting principles generally accepted in the United States of America.

The financial statement is the responsibility of the Company's management.

Our responsibility is to express an opinion on the Company's financial statement based on our audit. We are a public accounting firm registered

with the Public Company Accounting Oversight Board (United States) (the "PCAOB") and are required to be independent with respect

to the Company in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange

Commission and the PCAOB.

We conducted our audit in accordance with the standards of the PCAOB.

Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statement is free

of material misstatement, whether due to error or fraud. The Company is not required to have, nor were we engaged to perform, an audit

of its internal control over financial reporting. As part of our audit, we are required to obtain an understanding of internal control

over financial reporting but not for the purpose of expressing an opinion on the effectiveness of the Company's internal control

over financial reporting. Accordingly, we express no such opinion.

Our audit included performing procedures to assess the risks of material

misstatement of the financial statement, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures

included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statement. Our audit also included

evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation

of the financial statement. We believe that our audit provides a reasonable basis for our opinion.

/s/ WithumSmith+Brown, PC

We have served as the Company's auditor since 2026.

JATT II ACQUISITION CORP

The accompanying notes are an integral part

of these financial statement.

JATT II ACQUISITION CORP

NOTES TO FINANCIAL STATEMENT

NOTE 1 - ORGANIZATION AND PLAN

OF BUSINESS OPERATIONS

JATT II Acquisition Corp (the "Company")

is a blank check company incorporated as a Cayman Islands exempted company on January 13, 2026. The Company was incorporated for

the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with

one or more businesses or entities (a "Business Combination"). The Company will have 24 months from the closing of this

offering to complete the initial business combination (the "completion window"). The Company has not selected any specific

business combination target and the Company has not, nor has anyone on its behalf, engaged in any substantive discussions, directly or

indirectly, with any business combination target with respect to an initial business combination with the Company.

As of April 20, 2026, the Company had not

commenced any operations. All activity for the period from January 13, 2026 (inception) through April 20, 2026 relates to the

Company's formation and the Initial Public Offering ("Initial Public Offering"), which is described below. The Company

will not generate any operating revenues until after the completion of a Business Combination, at the earliest. The Company will generate

non-operating income in the form of interest income from the proceeds derived from the Initial Public Offering. The Company has selected

December 31 as its fiscal year end.

The Company's Sponsor is JATT Ventures II

L.P. (the "Sponsor"). The registration statement for the Company's Initial Public Offering was declared effective on

April 16, 2026. On April 20, 2026, the Company consummated the Initial Public Offering of 6,000,000 Ordinary Shares (the "Public

Shares"), at $10.00 per Public Share, generating gross proceeds of $60,000,000.

Simultaneously with the closing of the Initial

Public Offering, the Company consummated the sale of an aggregate of 300,000 Private Placement Shares (each "Private Placement Share",

collectively the "Private Placement Shares") to the Sponsor at a price of $10.00 per Private Placement Share, generating gross

proceeds of $3,000,000.

Transaction costs amounted to $2,881,539, consisting

of $600,000 of cash underwriting fee, $1,800,000 of deferred underwriting fee, and $481,539 of other offering costs.

The Company's management has broad discretion

with respect to the specific application of the net proceeds of the Initial Public Offering and the sale of the Private Placement Shares,

although substantially all of the net proceeds are intended to be applied generally toward consummating a Business Combination. The rules

of Nasdaq require that the Company must complete one or more business combinations having an aggregate fair market value of at least 80%

of the value of the assets held in the trust account (excluding the deferred underwriting commissions and taxes payable on the interest

earned on the trust account) at the time of the agreement to enter into the initial business combination. The Company anticipates structuring

the initial business combination so that the post transaction company in which the public shareholders own shares will own or acquire

100% of the equity interests or assets of the target business or businesses. The Company may, however, structure the initial business

combination such that the post transaction company owns or acquires less than 100% of such interests or assets of the target business

in order to meet certain objectives of the target management team or shareholders or for other reasons, but the Company will only complete

such business combination if the post transaction company owns or acquires 50% or more of the issued and outstanding voting securities

of the target or otherwise acquires a controlling interest in the target business sufficient for it not to be required to register as

an investment company under the Investment Company Act of 1940, as amended (the "Investment Company Act"). There

is no assurance that the Company will be able to successfully effect a Business Combination.

Following the closing of the Initial Public Offering,

on April 20, 2026, an amount of $60,000,000 ($10.00 per Public Share) from the net proceeds of the sale of the Public Shares and the Private

Placement Shares was placed in the trust account (the "Trust Account"), with U.S.-based trust account, Continental Stock Transfer

& Trust Company, acting as trustee. The proceeds held in a Trust Account will initially be invested in U.S. government treasury

obligations with a maturity of 185 days or less or in money market funds meeting certain conditions under Rule 2a-7 under the

Investment Company Act, which invest only in direct U.S. government treasury obligations, as determined by the Company, until the

earliest of (i) the completion of a Business Combination and (ii) the distribution of the funds in the Trust Account to the

Company's shareholders, as described below.

JATT II ACQUISITION CORP

NOTES TO FINANCIAL STATEMENT

NOTE 1 - ORGANIZATION AND PLAN

OF BUSINESS OPERATIONS (cont.)

The Company will provide the holders of the public

shares (the "Public Shareholders") with the opportunity to redeem all or a portion of their public shares upon the completion

of the Business Combination, either (i) in connection with a general meeting called to approve the Business Combination or (ii) without

a shareholder vote by means of a tender offer. The decision as to whether the Company will seek shareholder approval of a Business

Combination or conduct a tender offer will be made by the Company, solely in its discretion. The Public Shareholders will be entitled

to redeem their Public Shares, equal to the aggregate amount then on deposit in the Trust Account, calculated as of two business days

prior to the consummation of the Business Combination (initially anticipated to be $10.00 per Public Share), including interest (less

taxes paid or payable and up to $100,000 of interest to pay dissolution expenses), divided by the number of then issued and outstanding

public shares, subject to certain limitations as described in the prospectus. The per-share amount to be distributed to the Public Shareholders

who properly redeem their shares will not be reduced by the deferred underwriting commissions the Company will pay to the underwriter

(as discussed in Note 6). The Public Shares will be recorded at redemption value and classified as temporary equity upon the completion

of the Initial Public Offering, in accordance with Accounting Standards Codification ("ASC") Topic 480, "Distinguishing

Liabilities from Equity."

Notwithstanding the foregoing, if the Company