The terms used herein, unless the context otherwise stated, bear the same meaning as those defined in the earlier announcements in relation to the Rights Issue with Warrants.

We refer to the earlier announcements dated 15 April 2021, 3 May 2021, 11 May 2021, 8 September 2021 and 9 September 2021 in relation to the Rights Issue with Warrants.

On behalf of the Board, UOBKH wishes to announce that as at the close of acceptance, excess application and payment for the Rights Issue with Warrants as at 5.00 p.m. on Friday, 8 October 2021, the total acceptances and excess applications for the Rights Issue with Warrants were 1,076,495,017 Rights Shares with Warrants, which represents an over-subscription of 190.31% over the total number of 370,806,692 Rights Shares with Warrants available for subscription under the Rights Issue with Warrants, the details of which are set out below:-

It is the intention of the Board to allot the Excess Rights Shares with Warrants on a fair and equitable manner and in the following priority:-

i. firstly, to minimise the incidence of odd lots;

ii. secondly, for allocation to Entitled Shareholders who have applied for the Excess Rights Shares with Warrants, on a pro-rata basis and in board lot, calculated based on their respective shareholdings in the Company as at the Entitlement Date;

iii. thirdly, for allocation to Entitled Shareholders who have applied for the Excess Rights Shares with Warrants, on a pro-rata basis and in board lot, calculated based on the quantum of their respective Excess Rights Shares with Warrants applied for; and

iv. finally, for allocation to renouncees and/ or transferees (if applicable) who have applied for the Excess Rights Shares with Warrants, on a pro-rata basis and in board lot, calculated based on the quantum of their respective Excess Rights Shares with Warrants applied for.

In the event there is any remaining balance of Excess Rights Shares with Warrants applied for by the Entitled Shareholders, their renouncees and/ or transferees (if applicable) who have applied for the Excess Rights Shares with Warrants after carrying out steps (i) to (iv) as set out above, steps (ii) to (iv) will be repeated again in the same sequence to allocate the remaining balance of the Excess Rights Shares with Warrants to the Entitled Shareholders, their renouncees and/ or transferees (if applicable) who have applied for the Excess Rights Shares with Warrants until such balance is fully allocated.

Nonetheless, the Board reserves the right to allot any Excess Rights Shares with Warrants applied for such manner as it deems fit, expedient and in the best interest of the Company, subject always to such allocation being made on a fair and equitable basis and that the intention of the Board as set out in steps (i)-(iv) above is achieved. The Board also reserves the rights, at its absolute discretion, to accept in full or in part any applications for the Excess Rights Shares with Warrants without assigning any reason thereof.

The Rights Shares and Warrants are expected to be listed on the Main Market of Bursa Securities on 25 October 2021.

This announcement is dated 15 October 2021.