We are pleased to announce the proposed issue by MCSM of up to 15,000,000 European-style non-collateralised cash settled call warrants over ordinary shares of KOSSAN by way of market making.

The KOSSAN-C13 is to be listed on the Structured Warrants Board of Bursa Malaysia Securities Berhad.

The KOSSAN-C13 is constituted by the Deed Poll dated 16 October 2019. The KOSSAN-C13 is subject to the terms and conditions of the Base Prospectus dated 21 October 2019. The obligations of MCSM under KOSSAN-C13 are guaranteed by Macquarie Financial Holdings Pty Limited pursuant to the Guarantee Deed Poll dated 16 October 2019.

A summary of the principal terms of KOSSAN-C13 is set out in the attachment.

This announcement is dated 21 July 2020.