We are pleased to announce the proposed issue by KIBB of up to 35,000,000 European style non-collateralised cash-settled call warrants over the ordinary shares of RCECAP.

The RCECAP-CC is constituted by the Deed Poll dated 19 May 2021 executed by us, as supplemented from time to time. The RCECAP-CC is subject to terms and conditions of the Base Prospectus dated 21 May 2021, the First Supplementary Base Prospectus dated 3 September 2021, Second Supplementary Base Prospectus dated 14 February 2022 and the Term Sheet dated 18 May 2022.

The RCECAP-CC will be listed on the Structured Warrants Board of Malaysia Securities Berhad and issued by KIBB under the Base Prospectus dated 21 May 2021, the First Supplementary Base Prospectus dated 3 September 2021 and the Second Supplementary Base Prospectus dated 14 February 2022.

A summary of principal terms of the RCECAP-CC is set out in Table 1.

This announcement is dated 18 May 2022.