Reference is made to the Company’s announcements dated 7 December 2020 and subsequent announcements, as well as the circular to shareholders dated 25 January 2021 in relation to the Proposed SCR (“Announcements”). Unless otherwise defined, the definitions used in this announcement shall have the same meanings as those defined in the Announcements.

On behalf of the Board, KAF IB wishes to announce that the High Court has fixed 29 March 2021 as the court hearing date in relation to the Company’s petition to the High Court to obtain an order to confirm the reduction of share capital of the Company pursuant to Section 116 of the Act.

This announcement is dated 17 March 2021.