The terms used herein, unless the context otherwise stated, bear the same meaning as those defined in the earlier announcements dated 19 May 2020 and 15 June 2020 in relation to the Proposals.

We refer to the earlier announcements dated 19 May 2020 and 15 June 2020 in relation to the Proposals.

On behalf of the board of directors of Rex ("Board"), UOB Kay Hian Securities (M) Sdn Bhd ("UOBKH") wishes to announce that Bursa Malaysia Securities Berhad ("Bursa Securities") had, vide its letter dated 23 June 2020, resolved to approve the listing and quotation of up to 246,626,468 Rights Shares to be issued pursuant to the Proposed Rights Issue, subject to the following conditions:-

1) Rex and UOBKH, the adviser for the Proposed Rights Issue, must fully comply with the relevant provisions under the Main Market Listing Requirements pertaining to the implementation of the Proposed Rights Issue;

2) Rex and UOBKH to inform Bursa Securities upon the completion of the Proposed Rights Issue; and

3)  Rex and UOBKH to furnish Bursa Securities with a written confirmation of its compliance with the terms and conditions of Bursa Securities' approval once the Proposed Rights Issue is completed.

This announcement is dated 24 June 2020.