We wish to announce that MRCB-C20 expired at 9.00 a.m. on 30 April 2018 ("Expiry Date") and the Cash Settlement Amount shall be calculated as set out below.

Cash Settlement Amount

= Number of MRCB-C20 x (1/Entitlement) x (Settlement Price - Exercise Price) - Exercise Expenses*

= Number of MRCB-C20 x (1/1.7453) x (RM1.0007 - RM1.4835) - Exercise Expenses*

= Number of MRCB-C20 x RM0.0000 - Exercise Expenses*

* Exercise Expenses for every one (1) unit of structured warrants is equivalent to 0.3% of 1/Entitlement x (Settlement Price - Exercise Price). The Exercise Expenses are subject to Goods and Services Tax ("GST") at the prevailing rate of 6%.

The Settlement Price of RM1.0007 is the arithmetic mean of volume weighted average market price of the ordinary shares of MRCB for five (5) market days prior to and including the market day immediately before the Expiry Date. The structured warrants shall be automatically exercised at 9.00 a.m. on the Expiry Date if the Cash Settlement Amount is greater than zero. If the Cash Settlement Amount is less than or equal to zero all structured warrants shall be deemed to have expired on the Expiry Date and all rights of the warrantholders and our obligations with respect to such structured warrants shall cease and the warrantholders shall not be entitled to receive any payment from us in respect of the structured warrants.

The Cash Settlement Amount (if any) shall be paid, by cheque drawn in favour of the warrantholder or such other mode as may be approved by Bursa Malaysia Securities Berhad and determined by us, subject to any postponement of the valuation dates resulting from any market disruption event or any postponement arising from any settlement disruption event, no later than seven (7) market days following the Expiry Date. For the avoidance of doubt, warrantholders shall not be required to pay or top-up the Exercise Expenses, as the case may be, where the Cash Settlement Amount is less than zero.