We are pleased to announce the proposed issue by KIBB of up to 35,000,000 European style non-collateralised cash-settled call warrants over the ordinary shares of PIE.

The PIE-CD is constituted by the Deed Poll dated 19 May 2021 executed by us, as supplemented from time to time. The PIE-CD is subject to terms and conditions of the Base Prospectus dated 21 May 2021, the First Supplementary Base Prospectus dated 3 September 2021 and the Term Sheet dated 13 October 2021.

The PIE-CD will be listed on the Structured Warrants Board of Malaysia Securities Berhad and issued by KIBB under the Base Prospectus dated 21 May 2021 and the First Supplementary Base Prospectus dated 3 September 2021.

A summary of principal terms of the PIE-CD is set out in Table 1.

This announcement is dated 13 October 2021.