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 KOBAY.

The KOBAY-CG is constituted by the Deed Poll dated 19 May 2022 executed by us, as supplemented from time to time. The KOBAY-CG is subject to terms and conditions of the Base Prospectus dated 25 May 2022, the First Supplementary Base Prospectus dated 2 September 2022, the Second Supplementary Base Prospectus dated 28 December 2022 and the Term Sheet dated 16 May 2023.

The KOBAY-CG will be listed on the Structured Warrants Board of Malaysia Securities Berhad and issued by KIBB under the Base Prospectus dated 25 May 2022, the First Supplementary Base Prospectus dated 2 September 2022 and the Second Supplementary Base Prospectus dated 28 December 2022.

A summary of principal terms of the KOBAY-CG is set out in Table 1.

This announcement is dated 16 May 2023.