AME - Notice of Bonus Entitlement

1) Bonus issue of up to 213,557,550 new ordinary shares in AME Elite Consortium Berhad ("AME") ("AME Shares") ("Bonus Shares") on the basis of 1 Bonus Share for every 2 existing AME Shares held as at 5.00 p.m. on 21 September 2021 ("Entitlement Date")

2) Issuance of up to 142,371,700 free warrants in AME Elite Consortium Berhad ("AME") ("Warrants") on the basis of 1 Warrant for every 3 existing ordinary shares in AME held as at 5.00 p.m. on 21 September 2021 ("Entitlement Date")

Kindly be advised of the following :

1)    The above Company’s securities will be traded and quoted “[Ex-Bonus Issue]” as from: 20 Sep 2021
2)    The last date of lodgment : 21 Sep 2021
3)    Retention Money: Where securities are not delivered in time for registration by the seller, then the brokers concerned:-
        a)    Selling Broker to deduct <1/3>, of Selling Price against the Selling Client
        b)    Buying Broker to deduct <33.33%>, of Purchase Price against the Buying Client
        c)    Between Broker and Broker, the deduction of <1/3>, of the Transacted Price is applicable.

Remarks 1:

"Bursa Malaysia Securities Bhd would like to clarify that on the basis of settlement taking place after 21 Sep 2021 with bonus issue of AME shares, any shareholder who is entitled to receive AME bonus issue shares, may sell any or all of his AME shares arising from the bonus issue beginning the Ex-Date (20 Sep  2021).
  
For example, if Mr X purchases 200 AME shares on cum basis on 17 Sep 2021, Mr X should receive 200 shares on 21 Sep 2021. As a result of the bonus issue, an additional of 100 AME shares will be credited into Mr X's CDS account on the night of 21 Sep 2021 being the Book Closing Date. Therefore, Mr X can sell a total of 300 shares on or after the Ex-Date ie from 20 Sep 2021 onwards."

Remarks 2:

The Bonus Shares will be listed and quoted on the Main Market of Bursa Malaysia Securities Berhad ("Bursa Securities") on 22 September 2021, being the next market day after the Entitlement Date.

The notices of allotment will be issued and dispatched to all entitled shareholders of AME not later than 4 market days after the date of the listing and quotation of the Bonus Shares on the Main Market of Bursa Securities.

Remarks 3:

The Warrants will be listed and quoted on the Main Market of Bursa Malaysia Securities Berhad ("Bursa Securities") within 2 market days after the submission of the application for the quotation of the Warrants to Bursa Securities.

The notices of allotment will be issued and dispatched to all entitled shareholders of AME within 8 market days from the Entitlement Date.