(For consistency purposes, the abbreviations and definitions used throughout this announcement shall have the same meanings as those previously defined in the Abridged Prospectus of the Company dated 12 February 2020 in relation to the Rights Issue of ICPS with Warrants.)

We refer to the Abridged Prospectus dated 12 February 2020.

On behalf of the Board, Mercury Securities wishes to announce that pursuant to the close of acceptance, excess applications and payment for the ICPS with Warrants B at 5.00 p.m. on 27 February 2020, the Company had received valid acceptances and excess applications for a total of 1,061,027,506 ICPS, representing 48.56% subscription of the total number of ICPS available for subscription under the Rights Issue of ICPS with Warrants.

Details of such valid acceptances and excess applications received are as follows:-

Successful applicants of the ICPS will be given Warrants B on the basis of 1 Warrant B for every 4 ICPS successfully subscribed for.

The total number of excess ICPS available for allocation was 1,583,608,944. In view that the total number of excess ICPS applied for was 459,843,100, the Board has decided to allot the excess ICPS to all the entitled shareholders and/or their renouncee(s) and/or transferee(s) who have applied for the excess ICPS in full.

The ICPS and Warrants B are expected to be listed on the ACE Market of Bursa Securities on 12 March 2020.

This announcement is dated 5 March 2020.