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 HIBISCS.

The HIBISCS-C40 is constituted by the Deed Poll dated 19 May 2022 executed by us, as supplemented from time to time. The HIBISCS-C40 is subject to terms and conditions of the Base Prospectus dated 25 May 2022 and the Term Sheet dated 18 July 2022.

The HIBISCS-C40 will be listed on the Structured Warrants Board of Malaysia Securities Berhad and issued by KIBB under the Base Prospectus dated 25 May 2022.

A summary of principal terms of the HIBISCS-C40 is set out in Table 1.

This announcement is dated 18 July 2022.