99SMART-C23 - Notice of Book Closure

ADJUSTMENTS TO THE TERMS AND CONDITIONS OF THE NON-COLLATERALISED EUROPEAN-STYLE CASH SETTLED CALL WARRANTS OVER ORDINARY SHARES OF 99 SPEED MART RETAIL HOLDINGS BERHAD ("99SMART") ("99SMART-C23") PURSUANT TO A SPECIAL INTERIM DIVIDEND OF RM0.0025 PER ORDINARY SHARE FOR THE FINANCIAL YEAR ENDING 31 DECEMBER 2025 ("SPECIAL DIVIDEND")

Kindly be advised of the following :

1) The above Company's securities will be traded and quoted "Ex - Adjustment” as from: 01 Dec 2025
2) The last date of lodgment : 02 Dec 2025

Remarks :

In accordance with Condition 2, Part 1 of the Deed Poll dated 08 October 2025 - Adjustment of Exercise Price, Underlying Index, Exercise Level and/or Exercise Ratio, the Exercise Ratio and Exercise Price of 99SMART-C23 shall be adjusted in accordance with the following formula:

Adjustment pursuant to Special Dividend

1. Adjusted Exercise Ratio = E x (P - D) / P

2. Adjusted Exercise Price = X x (P - D) / P

Whereby in respect of this Condition 2.1.1(d)(i) and (ii):

P: Closing price of 99SMART on the last market day on which 99SMART is traded on a cum-entitlement basis. 

D: RM0.0025, being the Special Dividend per 99SMART share

X: RM3.3800, being the existing Exercise Price immediately prior to the Special Dividend

E: 3.0000, being the existing Exercise Ratio immediately prior to the Special Dividend

No adjustments will be made to the Exercise Ratio and/or Exercise Price of 99SMART-C23 if such adjustments would amount to less than two percent (2%) of the Exercise Ratio and/or Exercise Price being changed.

For avoidance of doubt, reference should be made to the Base Prospectus dated 17 October 2025, the First Supplementary Base Prospectus dated 14 November 2025 and the terms and conditions therein shall prevail.

RHBIB, as the issuer of 99SMART-C23, will make further announcements should there be any updates in due course.