We are pleased to announce the proposed issue by MCSM of up to 70,000,000 European-style non-collateralised cash settled call warrants over ordinary shares of TENAGA by way of market making.

The TENAGA-C81 is to be listed on the Structured Warrants Board of Bursa Malaysia Securities Berhad.

The TENAGA-C81 is constituted by the Deed Poll dated 16 October 2019. The TENAGA-C81 is subject to the terms and conditions of the Base Prospectus dated 21 October 2019. The obligations of MCSM under TENAGA-C81 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 TENAGA-C81 is set out in the attachment.

This announcement is dated 28 September 2020.