We are pleased to announce the proposed issue by KIBB of up to 35,000,000 European style non-collateralised cash-settled call warrants over the ordinary shares of IOICORP.

The IOICORP-C23 is constituted by the Deed Poll dated 9 May 2019 executed by us, as supplemented from time to time. The IOICORP-C23 is subject to terms and conditions of the Base Prospectus dated 14 May 2019 and the Term Sheet dated 16 December 2019.

The IOICORP-C23 will be listed on the Structured Warrants Board of Malaysia Securities Berhad and issued by KIBB under the Base Prospectus dated 14 May 2019.

A summary of principal terms of the IOICORP-C23 is set out in Table 1.

This announcement is dated 16 December 2019.