We wish to announce that HARTA-C99 had expired at 9.00 a.m. on 3 July 2023 ("Expiry Date") and the Cash Settlement Amount shall be calculated as set out below:

Cash Settlement Amount
= Number of HARTA-C99 exercised x (1/Exercise Ratio) x (Closing Price - Exercise Price) 
= Number of HARTA-C99 exercised x (1/5) x (RM1.9304 - RM2.8800) 
= Number of HARTA-C99 exercised x RM0.0000 

The Closing Price of RM1.9304 is the average daily volume weighted average price (VWAP) of the ordinary shares of HARTA on Bursa Malaysia Securities Berhad for the five (5) market days prior to and including the market day immediately before the Expiry Date. The HARTA-C99 is deemed to have been automatically exercised on the Expiry Date.

As the Cash Settlement Amount is less than Zero, warrantholders will not be entitled to receive any payment from us and all outstanding and unexercised HARTA-C99 will cease to be valid and all our obligations in respect to HARTA-C99 shall terminate absolutely.

This announcement is dated 3 July 2023.