Unless otherwise stated, abbreviations and definitions used throughout this announcement shall carry the same meaning as those defined in the “Definitions” section of Omesti’s Abridged Prospectus dated 8 March 2021 in relation to the Rights Issue of RPS with Warrants.

M&A Securities, on behalf of the Board, wishes to announce that at the close of acceptance, excess application and payment for the Rights Issue of RPS with Warrants as at 5:00 p.m. on 23 March 2021, Omesti has received valid acceptances and excess applications for a total of 141,582,687 RPS, representing a subscription rate of 133.01% over the total of 106,441,367 RPS available for subscription under the Rights Issue of RPS with Warrants, resulting in an over-subscription rate of 33.01%.

The details of such valid acceptances and excess applications received are as follows:

In accordance with the procedure for excess application as stipulated in the Abridged Prospectus dated 8 March 2021, the Board has allotted the Excess RPS with Warrants in a fair and equitable basis as they deem fit and expedient in the best interest of the Company in the following priority:

(i) Firstly, to minimise the incidence of odd lots;

(ii) Secondly, for allocation to Entitled Shareholders who have applied for Excess RPS with Warrants, on a pro-rata basis and in board lots, calculated based on their respective shareholdings as at the Entitlement Date;

(iii) Thirdly, for allocation to Entitled Shareholders who have applied for Excess RPS with Warrants, on a pro-rata basis and in board lots, calculated based on the quantum of their respective Excess RPS with Warrants application; and

(iv) Fourthly, for allocation to transferee(s); and/or renouncee(s) who have applied for Excess RPS with Warrants, on a pro-rata basis and in board lots, calculated based on the quantum of their respective Excess RPS with Warrants application.

The RPS with Warrants are expected to be listed on the Main Market of Bursa Securities on 7 April 2021.

This announcement is dated 30 March 2021.