(For consistency purposes, the abbreviations and definitions used throughout this announcement shall have the same meanings as those previously defined in the Abridged Prospectus dated 2 October 2020 issued by the Company in relation to the Rights Issue with Warrants.)

We refer to the Abridged Prospectus dated 2 October 2020.

On behalf of the Board, Mercury Securities wishes to announce that pursuant to the close of acceptance, excess applications and payment for the Rights Shares with Warrants C at 5.00 p.m. on 19 October 2020, the Company had received valid acceptances and excess applications for a total of 626,136,825 Rights Shares, representing 99.47% subscription of the total number of Rights Shares available for subscription under the Rights Issue with Warrants.

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

Successful applicants of the Rights Shares will be given Warrants C on the basis of 1 Warrant C for every 2 Rights Shares successfully subscribed for.

The total number of excess Rights Shares available for allocation was 342,875,493. In view that the total number of excess Rights Shares applied for was 339,520,782, the Board has decided to allot the excess Rights Shares to all the entitled shareholders and/or their renouncee(s) and/or transferee(s) who have applied for the excess Rights Shares in full.

The Right Shares and Warrants C are expected to be listed on the ACE Market of Bursa Securities on 3 November 2020.

This announcement is dated 23 October 2020.