With reference to the above, AmBank is pleased to announce the proposed issue by AmBank of up to 80,000,000 European style non-collateralised cash-settled call warrants over ordinary shares of PMETAL, to be listed on the Structured Warrants Board of Bursa Malaysia Securities Berhad.

PMETAL-C67 is constituted by the Deed Poll dated 13 August 2021 executed by us, as supplemented from time to time. The PMETAL-C67 is subject to the terms and conditions of the Base Prospectus dated 24 August 2021, First Supplementary Base Prospectus dated 25 October 2021, Second Supplementary Base Prospectus dated 20 January 2022 and the Term Sheet for the PMETAL-C67 dated 23 February 2022.

A summary of the principal terms of the PMETAL-C67 is set out in Table 1.

This announcement is dated 23 February 2022.