MUDAJYA-WB - Notice of Book Closure

ADJUSTMENTS TO THE EXERCISE PRICE AND NUMBER OF OUTSTANDING WARRANTS 2024/2027 OF MUDAJAYA GROUP BERHAD ("MUDAJAYA" OR THE "COMPANY") ("WARRANT(S) B") AS SPECIFIED IN THE DEED POLL DATED 24 JUNE 2024 ("DEED POLL B"), PURSUANT TO THE SHARE CONSOLIDATION OF EVERY 5 EXISTING ORDINARY SHARES IN MUDAJAYA ("MUDAJAYA SHARE(S)") INTO 1 MUDAJAYA SHARE ("CONSOLIDATED SHARE(S)") ("SHARE CONSOLIDATION")

Kindly be advised of the following :

1) The above Company's securities will be traded and quoted "Ex - Adjustment” as from: 11 Dec 2025
2) The last date of lodgment : 12 Dec 2025

Remarks 1: 
Participating Organisations are to take note of the following Share Consolidation exercise by MUDAJAYA GROUP BERHAD - WARRANTS 2024/2027.

The Share Consolidation comprises the following: -

ADJUSTMENTS TO THE EXERCISE PRICE AND NUMBER OF OUTSTANDING WARRANTS 2024/2027 OF MUDAJAYA GROUP BERHAD ("MUDAJAYA" OR THE "COMPANY") ("WARRANT(S) B") AS SPECIFIED IN THE DEED POLL DATED 24 JUNE 2024 ("DEED POLL B"), PURSUANT TO THE SHARE CONSOLIDATION OF EVERY 5 EXISTING ORDINARY SHARES IN MUDAJAYA ("MUDAJAYA SHARE(S)") INTO 1 MUDAJAYA SHARE ("CONSOLIDATED SHARE(S)") ("SHARE CONSOLIDATION")

In relation to the warrants adjustment undertaken by MUDAJYA-WB as a SPEEDS Corporate Exercise, Bursa Malaysia Securities Berhad would like to highlight that:

(a) on or after the Ex-date on 11 Dec 2025, trading of MUDAJYA-WB shares will be based on the newly adjusted warrants arising from warrants adjustments,

(b) on the basis of settlement taking place after 12 Dec 2025 with adjusted MUDAJYA-WB shares, an entitled warrants holder who owns MUDAJYA-WB shares as at Ex-date may sell only up to the maximum MUDAJYA-WB shares he expects to receive after the adjustment, i.e. the reduced amount, on or after the Ex-date 11 Dec 2025.

With the warrants adjustments pursuant to the Share Consolidation effected on MUDAJYA-WB shareholders’ CDS account at the end of the Entitlement Date (“Books Closure Date”), an entitled MUDAJYA-WB shareholder may use the following basis to estimate the maximum number of MUDAJYA-WB shares that he may sell from the Ex-date until the Book Closing Date which is from 11 Dec 2025 until 12 Dec 2025.

Number of MUDAJYA-WB shares                                                                  Number of shares held /5
that may be sold from 11 Dec 2025                                   =                                       
until 12 Dec 2025                                                                                (All fractional shares computed should be disregarded)

Illustration:
For example, if Mr X owns or purchases 500 MUDAJYA-WB shares on cum basis on 10 Dec 2025, his CDS account would still show 500 MUDAJYA-WB  shares until 12 Dec 2025. However, as a result of the above Share Consolidation exercise, Mr X’s 500 MUDAJYA-WB  shares in his CDS account will be adjusted to 100 MUDAJYA-WB shares on the night of 12 Dec 2025 which is the Book Closing Date. Therefore, Mr X may, if he so wishes, sells only up to 100 MUDAJYA-WB  shares on or after the Ex-date i.e. from  11 Dec 2025 onwards.

 Participating Organisations are hereby requested to caution all dealers and remisiers that, during the period from 11 Dec 2025 until 12 Dec 2025, they are only entitled to sell the maximum of 1/ 5 of the shares owned before the Ex-date. Participants Organisations are reminded that it is important to caution all dealers and remisiers on the above to prevent the dealers and remisiers from overselling of their client’s position

Remarks 2: 
Pursuant to the Share Consolidation, the number and exercise price of outstanding Warrants B which are not exercised prior to the Entitlement Date will be adjusted in accordance with the provisions of the Deed Poll B.

The Warrants B will be consolidated on the basis of every 5 Warrants B held by the entitled holders of Warrants B of the Company ("Entitled Holders") (whose names appear in the Record of Depositors at 5.00 p.m. on the Entitlement Date) into 1 Warrant B ("Consolidated Warrants B"). 

Fractional entitlements arising from the Adjustments, if any, shall be disregarded and dealt with by the Board of Directors of the Company in such manner at its absolute discretion as it may deem fit or expedient and in the best interest of the Company. The actual number of Consolidated Warrants B to be consolidated would depend on the number of outstanding Warrants B which have yet to be exercised into new Mudajaya Shares as at the Entitlement Date.

Pursuant to the Adjustments, the existing exercise price of Warrants B of RM0.22 each will be revised to RM1.10 each.

The date of the listing and quotation for the Consolidated Warrants B on the Main Market of Bursa Malaysia Securities Berhad ("Bursa Securities") shall be on 15 December 2025, being the next market date immediately after the Entitlement Date.

The notices of allotment of the Consolidated Warrants B will be issued and despatched to all the Entitled Holders within 4 market days after the date of the listing and quotation for the Consolidated Warrants B on the Main Market of Bursa Securities. The notice to the holders of Warrants B (setting out the details of the Adjustments) will be despatched to the Entitled Holders in due course.