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 MBSB.

The MBSB-C50 is constituted by the Deed Poll dated 19 May 2022 executed by us, as supplemented from time to time. The MBSB-C50 is subject to terms and conditions of the Base Prospectus dated 25 May 2022, the First Supplementary Base Prospectus dated 2 September 2022 and the Term Sheet dated 20 September 2022.

The MBSB-C50 will be listed on the Structured Warrants Board of Malaysia Securities Berhad and issued by KIBB under the Base Prospectus dated 25 May 2022 and the First Supplementary Base Prospectus dated 2 September 2022.

A summary of principal terms of the MBSB-C50 is set out in Table 1.

This announcement is dated 20 September 2022.