We are pleased to announce the proposed issue by CIMB Bank of up to 150,000,000 European-style non-collateralised cash-settled call warrants over ordinary shares in SIMEPROP.

The SIMEPROP-C1 is constituted by the Deed Poll dated 5 May 2020 executed by us, as supplemented from time to time. The SIMEPROP-C1 is subject to the terms and conditions of the Base Prospectus dated 14 May 2020, the First Supplementary Base Prospectus dated 24 June 2020, the Second Supplementary Base Prospectus dated 17 July 2020, the Third Supplementary Base Prospectus dated 20 October 2020, the Fourth Supplementary Base Prospectus dated 9 February 2021 and the Term Sheet for the SIMEPROP-C1 dated 13 April 2021.

The SIMEPROP-C1 is to be listed on the Structured Warrants Board of Bursa Malaysia Securities Berhad. A summary of the principal terms of the SIMEPROP-C1 is set out in the attachment.

This announcement is dated 13 April 2021.