We refer to the earlier announcement dated 7 October 2020 in respect of the lodgement with the Securities Commission Malaysia (“SC”) for the establishment of the Sukuk Wakalah Programme pursuant to the SC’s Guidelines on Unlisted Capital Market Products under the Lodge and Launch Framework (issued by the SC on 9 March 2015 and revised on 12 November 2020, as amended from time to time).

Sunsuria is pleased to announce that the Company had on today, 2 December 2020, made its inaugural issuance of Sukuk Wakalah amounting to an aggregate of RM115.0 million in nominal value under the Sukuk Wakalah Programme. The details of issuance of the Sukuk Wakalah are summarised as follows:

The Sukuk Wakalah Programme has been assigned a final credit rating of A+IS with a stable outlook by Malaysian Rating Corporation Berhad.

Proceeds from the issuance of Sukuk Wakalah shall be utilised by the Company to finance the capital expenditure, working capital requirements and/or investments as well as for general corporate purposes of the Issuer and its subsidiaries from time to time which shall be Shariah-compliant.

Maybank Investment Bank Berhad is the Sole Principal Adviser, Sole Lead Arranger and Sole Lead Manager for the Sukuk Wakalah Programme. Maybank Islamic Berhad is the Shariah Adviser for the Sukuk Wakalah Programme. Newfields Advisors Sdn. Bhd. is the Financial Adviser for the Sukuk Wakalah Programme.

This announcement is dated 2 December 2020.