We refer to the Company's announcements dated 14 May 2020, 22 May 2020 and 28 May 2020 in relation to the Proposed Private Placement. Unless otherwise stated, the terms used herein shall have the same meaning as defined in the said announcements.

On behalf of the Board, RHB Investment Bank Berhad wishes to announce that the issue price for the first tranche of the Proposed Private Placement ("First Tranche") has been fixed on 3 June 2020 at RM0.71 per Placement Share and will comprise up to 12,100,000 Placement Shares.

The issue price of RM0.71 per Placement Share represents a discount of approximately 7.80% to the five (5)-day VWAMP of Ancom Shares up to and including 2 June 2020, being the last market day immediately preceding the price-fixing date, of RM0.77 per Ancom Share.

For informative purposes, the actual number of Placement Shares to be placed out under the First Tranche will depend on the final acceptance by the identified placees. Any Placement Share not placed out under the First Tranche will be included in the subsequent tranches. The issue price for each subsequent tranche will be determined and announced by the Board separately.

This announcement is dated 3 June 2020.