The Board of Directors of Omesti (“Board”) wishes to announce that its wholly-owned subsidiary, Omesti Holdings Berhad (“OHB”), has on 24 February 2020 subscribed to its entitlement of 2,997 new ordinary shares at an issue price of RM100.00 per share, representing 30% of the enlarged issued share capital of Crif Omesti Sdn Bhd (“Crif Omesti”), an existing 30% owned associated company of OHB, for a total cash subscription price of RM299,700.00 only (“Subscription”), which is financed via internally generated funds.

Further details of the Subscription are attached below.

This announcement is dated 25 February 2020.