ADJUSTMENTS TO THE CONVERSION PRICE OF IRREDEEMABLE CONVERTIBLE PREFERENCE SHARES IN M N C WIRELESS BERHAD ("MNC" OR THE "COMPANY") ("ICPS") AND CASH PAYMENT FOR CONVERSION OF ICPS PURSUANT TO THE RENOUNCEABLE RIGHTS ISSUE OF UP TO 750,631,428 NEW ORDINARY SHARES IN MNC ("MNC SHARES" OR "SHARES") ("RIGHTS SHARES") AT AN ISSUE PRICE OF RM0.04 PER RIGHTS SHARE, TOGETHER WITH UP TO 250,210,476 FREE DETACHABLE WARRANTS IN MNC ("WARRANTS D") ON THE BASIS OF 3 RIGHTS SHARES TOGETHER WITH 1 FREE WARRANT D FOR EVERY 1 EXISTING SHARE HELD BY THE ENTITLED SHAREHOLDERS OF MNC AT 5.00 P.M. ON 15 APRIL 2026 ("RIGHTS ISSUE WITH WARRANTS")

Kindly be advised of the following :

1) The above Company's securities will be traded and quoted "Ex - Adjustment" as from: 14 Apr 2026
2) The last date of lodgment : 15 Apr 2026

Remarks :

The Notice of Book Closure in relation to the Rights Issue with Warrants had been announced by the Company separately today.

Pursuant to the Rights Issue with Warrants, the conversion price of ICPS and cash payment for conversion of ICPS (which are not converted into new Shares prior to the Entitlement Date) shall be adjusted in accordance with the provisions of the Company's Constitution ("Adjustments").

Holders of ICPS who wish to be entitled to the Rights Issue with Warrants as the Company's shareholders shall exercise their rights to subscribe for new Shares by lodging their duly completed conversion forms together with the relevant subscription monies with the Share Registrar of MNC (at the address stated above) on or before 5.00 p.m. on Friday, 3 April 2026 such that their names will appear on the Record of Depositors of the Company at 5.00 p.m. on the Entitlement Date.

Entitled holders of ICPS who do not convert their outstanding ICPS into the Shares and whose names appear in the Record of Depositors of the Company for the outstanding ICPS at 5.00 p.m. on the Entitlement Date would be entitled to the Adjustments ("Entitled ICPS Holders").

The notice setting out the details of the Adjustments will be issued and despatched to the Entitled ICPS Holders in due course.