We are pleased to announce that AMAZON-C1 have expired at 9.01 a.m. on 28 July 2017 ("Expiry Date") and the warrantholders shall be entitled to the Cash Settlement Amount (per AMAZON-C1) (if the said amount is greater than zero), determined in accordance to the following formula:

The Settlement Price has been determined at USD 1,040.6580 being the arithmetic mean of the closing price of AMAZON Stocks on the Nasdaq Stock Market LLC for the five (5) scheduled market days prior to and including the market day before the Expiry Date.

The Cash Settlement Amount shall be converted to RM prior to payment, using the prevailing rate of exchange being USD/MYR 4.2795 on the Exercise Date (28 July 2017) at 5.00 p.m. Malaysia time (“Exchange Rate”). 

Cash Settlement Amount

=  {(Settlement Price – Exercise Price) / Exercise Ratio} x Exchange Rate x Number of AMAZON-C1 exercised – 0.30%*

=  {(USD 1,040.6580 - USD 900.0000) / 4300 } x 4.2795 x Number of AMAZON-C1 exercised – 0.30%*

=  RM  0.1400 x Number of AMAZON-C1 exercised – 0.30%*

* The Exercise Expenses are subject to 6% Goods and Services Tax (“GST”).

The Cash Settlement Amount shall be paid to the warrantholders within seven (7) market days from the Expiry Date. The payment of the Cash Settlement Amount shall be made in favour of the warrant holders through cheque via ordinary post to the respective address as it appears in the Register.

This announcement is dated 28 July 2017.