Unless otherwise stated, all definitions and terms used in this announcement shall have the same meaning as defined in the circular to unitholders of Al-'Aqar dated 21 November 2022 in relation to, among others, the Private Placement.

We refer to the announcements dated 2 September 2022, 7 September 2022, 20 October 2022, 16 November 2022, 4 April 2023 and 19 April 2023 and the circular to unitholders dated 21 November 2022 in relation to, among others the Private Placement.

On behalf of the Board, KAF IB wishes to announce that the Private Placement has been completed following the listing and quotation of 83,112,000 Placement Units on the Main Market of Bursa Securities today. The issuance of the Placement Units raised gross proceeds of approximately RM99.73 million based on the issue price of RM1.20 each.

KAF IB, CIMB IB and Kenanga IB acted as the joint placement agents for the Private Placement.

With the listing of the Placement Units, the total enlarged number of issued Al-‘Aqar Units is 839,597,757.

This announcement is dated 20 April 2023.