Pursuant to the IPO of EWI, 240,000,000 IPO Shares are reserved for application by the Entitled Shareholders of EW Berhad (as defined in the circular to the shareholders of EW Berhad dated 31 January 2017) whose names appear in the record of depositors of EW Berhad as at 5.00 p.m. on 6 March 2017 (Entitlement Date), and shall be allocated in the following manner:

(a)	each Entitled Shareholder of EW Berhad who applies for at least 100 IPO Shares is guaranteed an allocation of 100 IPO Shares; and

(b)	any remaining IPO Shares after the allocation under item (a) above shall be allocated to the Entitled Shareholders of EW Berhad who apply in excess of 100 IPO Shares on a pro-rata basis according to their respective shareholdings in EW Berhad as at the Entitlement Date,

subject always to such allocation being made on a fair and equitable basis and that the intention of the Board of Directors ("Board") of EWI as set out above is achieved. 

Any fractional entitlements and odd lots arising from the Restricted Offering will be disregarded and rounded down to the nearest board lot, and the aggregate of such fractions and such odd lots will be dealt with in such manner or on such terms as the Board of EWI may deem fit and expedient in the best interest of EWI.

The entitlement of the Entitled Shareholders of EW Berhad to participate in the Restricted Offering is non-renounceable and non-tradable. The Entitled Shareholders of EW Berhad are not allowed to submit multiple applications for the IPO Shares made available under the Restricted Offering and the Board of EWI has the absolute discretion to reject multiple applications. However, the Restricted Offering does not preclude the Entitled Shareholders of EW Berhad from making additional applications for the IPO Shares made available under the Malaysian Public category.

The Entitled Shareholders of EW Berhad will also be entitled to a bonus issue of warrants in EWI on the basis of two free warrants for every five ordinary shares in EWI held after the IPO but before Listing.

This announcement shall not constitute an offer to sell or a solicitation of an offer to purchase, nor shall there by any sale of, any of IPO Shares in any jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.  The IPO Shares have not been and will not be registered under the securities laws of the United States of America.  A potential investor should read and understand the contents of the Prospectus of EWI to be issued, before making an investment decision in respect of the IPO Shares.

This announcement is dated 21 February 2017.