We are pleased to announce the proposed issue by MCSM of up to 21,000,000 European-style non-collateralised cash settled call warrants over ordinary shares of PMETAL by way of market making.

The PMETAL-C54 is to be listed on the Structured Warrants Board of Bursa Malaysia Securities Berhad.

The PMETAL-C54 is constituted by the Deed Poll dated 26 October 2020. The PMETAL-C54 is subject to the terms and conditions of the Base Prospectus dated 30 October 2020. The obligations of MCSM under PMETAL-C54 are guaranteed by Macquarie Financial Holdings Pty Limited pursuant to the Guarantee Deed Poll dated 26 October 2020.

A summary of the principal terms of PMETAL-C54 is set out in the attachment.

This announcement is dated 02 April 2021.