The Board of Directors of the Company would like to announce that the Company had on 30 July 2021 issued its second series of secured unrated perpetual Sukuk Musharakah totalling RM93.0 million in nominal value (“Perpetual Sukuk Musharakah”) under its existing RM700.0 million Perpetual Sukuk Musharakah programme.

The Perpetual Sukuk Musharakah has a tenor of perpetual non-callable 5 years with an initial periodic distribution rate of 6.85% per annum.

The proceeds raised from the issuance of the Perpetual Sukuk Musharakah will be utilised by LBS, its subsidiaries, associated companies and/or jointly controlled entities for repayment of bank borrowings and working capital requirements which are Shariah-compliant.

This announcement is dated 30 July 2021.