PROPOSED DISPOSAL OF 27,000,001 ORDINARY SHARES IN LUMUT NAVAL SHIPYARD SDN. BHD. (FORMERLY KNOWN AS BOUSTEAD NAVAL SHIPYARD SDN. BHD.) (LUNAS) HELD BY PERSTIM INDUSTRIES SDN. BHD. (PISB OR VENDOR), AN INDIRECT WHOLLY OWNED SUBSIDIARY OF BHIC, FOR A CASH CONSIDERATION OF RM1.00 (HEREINAFTER REFERRED TO AS THE "PROPOSED DISPOSAL")

BOUSTEAD HEAVY INDUSTRIES CORPORATION BERHAD ("BHIC" OR "COMPANY") (I) PROPOSED DISPOSAL; AND (II) PROPOSED INTERCOMPANY TRADE RECEIVABLES SETTLEMENT AGREEMENT ("ITRSA") (PROPOSED ITRSA") (COLLECTIVELY REFERRED TO AS "PROPOSALS")

PROPOSED DISPOSAL OF 27,000,001 ORDINARY SHARES IN BOUSTEAD NAVAL SHIPYARD SDN. BHD. (BNS) HELD BY PERSTIM INDUSTRIES SDN. BHD. (PISB OR VENDOR), AN INDIRECT WHOLLY OWNED SUBSIDIARY OF BHIC, FOR A CASH CONSIDERATION OF RM1.00 (HEREINAFTER REFERRED TO AS THE PROPOSED DISPOSAL)

BOUSTEAD HEAVY INDUSTRIES CORPORATION BERHAD (BHIC OR THE COMPANY) THE RECEIPT OF A LETTER OF AWARD FOR THE SUBMARINE FACILITIES UPKEEP FOR THE ROYAL MALAYSIAN NAVY

CIRCULAR TO SHAREHOLDERS IN RELATION TO THE PROPOSED RENEWAL OF SHAREHOLDERS' MANDATE AND NEW SHAREHOLDERS MANDATE FOR RECURRENT RELATED PARTY TRANSACTIONS OF A REVENUE OR TRADING NATURE

PROPOSED DISPOSAL OF 27,000,001 ORDINARY SHARES IN BOUSTEAD NAVAL SHIPYARD SDN. BHD. (BNS) HELD BY PERSTIM INDUSTRIES SDN. BHD. (PISB OR VENDOR), AN INDIRECT WHOLLY OWNED SUBSIDIARY OF BHIC, FOR A CASH CONSIDERATION OF RM1.00 (HEREINAFTER REFERRED TO AS THE PROPOSED DISPOSAL)

KUALA LUMPUR HIGH COURT SUIT NO. WA-22NCC-485-09/2022 CONTRAVES ADVANCED DEVICES SDN BHD AND CONTRAVES ELECTRODYNAMICS SDN BHD -V 1. BOUSTEAD NAVAL SHIPYARD SDN BHD 2. BOUSTEAD HEAVY INDUSTRIES CORPORATION BERHAD 3. BHIC DEFENCE TECHNOLOGIES SDN BHD 4. (DR.) SALIHIN ABANG 5. VICE ADMIRAL DATO' SYED ZAHIRUDDIN PUTRA SYED OSMAN (RETIRED)

BOUSTEAD HEAVY INDUSTRIES CORPORATION BERHAD ("BHIC" OR THE "COMPANY") I. DEBT SETTLEMENT WITH LENDERS; AND II. DEBT SETTLEMENT WITH BHB (COLLECTIVELY REFERRED TO AS THE "DEBT SETTLEMENTS")

PROPOSED ISSUE AND ALLOTMENT OF 240,000,000 NEW ORDINARY SHARES (ISSUE SHARE(S)) IN LUMUT NAVAL SHIPYARD SDN BHD (FORMERLY KNOWN AS BOUSTEAD NAVAL SHIPYARD SDN BHD) (AN ASSOCIATE COMPANY OF BHIC) (LNS), AT AN ISSUE PRICE OF RM1.00 PER SHARE FOR A CASH CONSIDERATION OF RM240,000,000.00, TO THE EXISTING SHAREHOLDERS OF LNS, BEING OCEAN SUNSHINE BERHAD ("OSB) AND PERSTIM INDUSTRIES SDN BHD (AN INDIRECT WHOLLY OWNED SUBSIDIARY OF THE COMPANY) ("PISB) (PROPOSED ISSUE)

KUALA LUMPUR HIGH COURT SUIT NO. WA-22NCC-485-09/2022 CONTRAVES ADVANCED DEVICES SDN BHD AND CONTRAVES ELECTRODYNAMICS SDN BHD -V- 1. BOUSTEAD NAVAL SHIPYARD SDN BHD 2. BOUSTEAD HEAVY INDUSTRIES CORPORATION BERHAD 3. BHIC DEFENCE TECHNOLOGIES SDN BHD 4. (DR.) SALIHIN ABANG 5. VICE ADMIRAL DATO' SYED ZAHIRUDDIN PUTRA SYED OSMAN (RETIRED)

PROPOSED DISPOSAL OF 27,000,001 ORDINARY SHARES IN BOUSTEAD NAVAL SHIPYARD SDN. BHD. (BNS) HELD BY PERSTIM INDUSTRIES SDN. BHD. (PISB OR VENDOR), AN INDIRECT WHOLLY OWNED SUBSIDIARY OF BHIC, FOR A CASH CONSIDERATION OF RM1.00 (HEREINAFTER REFERRED TO AS THE PROPOSED DISPOSAL)

BOUSTEAD HEAVY INDUSTRIES CORPORATION BERHAD ("BHIC" OR "COMPANY") I. PROPOSED DEBT SETTLEMENT WITH LENDERS; II. PROPOSED DEBT SETTLEMENT WITH BHB; (COLLECTIVELY REFERRED TO AS THE "PROPOSED DEBT SETTLEMENTS") III. PROPOSED AMENDMENTS (COLLECTIVELY REFERRED TO AS THE "PROPOSALS")

BOUSTEAD HEAVY INDUSTRIES CORPORATION BERHAD ("BHIC" OR THE "COMPANY") I. PROPOSED DEBT SETTLEMENT WITH LENDERS; II. PROPOSED DEBT SETTLEMENT WITH BHB; (COLLECTIVELY REFERRED TO AS THE "PROPOSED DEBT SETTLEMENTS") III. PROPOSED AMENDMENTS (COLLECTIVELY REFERRED TO AS THE "PROPOSALS")

BOUSTEAD HEAVY INDUSTRIES CORPORATION BERHAD ("BHIC" OR THE "COMPANY") I. PROPOSED DEBT SETTLEMENT WITH LENDERS; II. PROPOSED DEBT SETTLEMENT WITH BHB; (COLLECTIVELY REFERRED TO AS THE "PROPOSED DEBT SETTLEMENTS") III. PROPOSED AMENDMENTS (COLLECTIVELY REFERRED TO AS THE "PROPOSALS")

BOUSTEAD HEAVY INDUSTRIES CORPORATION BERHAD (BHIC OR THE COMPANY) RECEIPT OF CONTRACT FOR THE SUPPLY AND DELIVERY OF SPARES, MAINTENANCE AND TRAINING FOR BOFORS 40MM/L70 GUN FOR THE ROYAL MALAYSIAN NAVY BY BHIC BOFORS ASIA SDN BHD

BOUSTEAD HEAVY INDUSTRIES CORPORATION BERHAD ("BHIC" OR THE "COMPANY") I. PROPOSED DEBT SETTLEMENT WITH LENDERS; II. PROPOSED DEBT SETTLEMENT WITH BHB; (COLLECTIVELY REFERRED TO AS THE "PROPOSED DEBT SETTLEMENTS") III. PROPOSED AMENDMENTS (COLLECTIVELY REFERRED TO AS THE "PROPOSALS")