We wish to announce that SKPRES-CS had expired at 9.00 a.m. on 4 November 2019 ("Expiry Date") and the Cash Settlement Amount shall be calculated as set out below:

Cash Settlement Amount

= Number of SKPRES-CS exercised x (1/Exercise Ratio) x (Closing Price – Exercise Price)

= Number of SKPRES-CS exercised x (1/3) x (RM1.2533 - RM1.3800)

= Number of SKPRES-CS exercised x RM0.0000

The Closing Price of RM1.2533 is the average daily volume weighted average price (VWAP) of the ordinary shares of SKPRES for the five (5) market days prior to and including the market day immediately before the Expiry Date. The SKPRES-CS is deemed to have been automatically exercised on the Expiry Date.

As the Cash Settlement Amount is less than Zero, warrantholders will not be entitled to receive any payment from us and all outstanding and unexercised SKPRES-CS will cease to be valid and all our obligations in respect to SKPRES-CS shall terminate absolutely.

This announcement is dated 4 November 2019.