Each Warrant carries the entitlement to subscribe for 1 new ordinary share in Oversea at the exercise price of RM0.16 at any time during the period commencing on and including 5 March 2021 (being the date of issuance of the Warrants) and ending on the close of business at 5.00 p.m. on 4 March 2024 (being the expiry of the tenure of the Warrants) ("Exercise Period"), subject to any adjustments that may be made from time to time in accordance with the provisions of the deed poll constituting the Warrants dated 23 February 2021. Any Warrant not exercised during the Exercise Period will thereafter lapse and cease to be valid for any purpose and shall be cancelled and treated to have been cancelled forthwith.

If the maturity date of the Warrants falls on a non-market day, then it will fall on the preceding market day.

This announcement is dated 9 March 2021.