We wish to announce that DIALOG-C70 had expired at 9.00 a.m. on 14 February 2022 ("Expiry Date") and the Cash Settlement Amount shall be calculated as set out below:

Cash Settlement Amount
= Number of DIALOG-C70 exercised x (1/Exercise Ratio) x (Closing Price - Exercise Price) 
= Number of DIALOG-C70 exercised x (1/5) x (RM2.7280 - RM4.8800) 
= Number of DIALOG-C70 exercised x RM0.0000 

The Closing Price of RM2.7280 is the average daily volume weighted average price (VWAP) of the ordinary shares of DIALOG for the five (5) market days prior to and including the market day immediately before the Expiry Date. The DIALOG-C70 is deemed to have been automatically exercised on the Expiry Date.

As the Cash Settlement Amount is less than Zero, warrantholders will not be entitled to receive any payment from us and all outstanding and unexercised DIALOG-C70 will cease to be valid and all our obligations in respect to DIALOG-C70 shall terminate absolutely.

This announcement is dated 14 February 2022.