We are pleased to announce the proposed issue by MCSM of up to 42,000,000 European-style non-collateralised cash settled call warrants over ordinary shares of ALIBABA by way of market making.

The ALIBABA-C12 is to be listed on the Structured Warrants Board of Bursa Malaysia Securities Berhad.

The ALIBABA-C12 is constituted by the Deed Poll dated 25 October 2021. The ALIBABA-C12 is subject to the terms and conditions of the Base Prospectus dated 29 October 2021. The obligations of MCSM under ALIBABA-C12 are guaranteed by Macquarie Financial Holdings Pty Limited pursuant to the Guarantee Deed Poll dated 25 October 2021.

A summary of the principal terms of ALIBABA-C12 is set out in the attachment.

This announcement is dated 28 March 2022.