(Unless otherwise stated, the definitions used herein shall carry the same meanings as defined in the Information Memorandum dated 28 June 2019 in relation to the Excluded Issue.)

On behalf of the Board, SCA wishes to announce that Bursa Securities has, vide its letter dated 29 July 2019, resolved to approve MMIS’ admission to the Official List and the listing of and quotation for the entire issued share capital of MMIS comprising up to 500,000,000 ordinary shares on the LEAP Market of Bursa Securities subject to the condition that the minimum public spread of 10% pursuant to Rule 3.03 of the LEAP Market Listing Requirements must not include ordinary shares which are subject to moratorium.

As such, the Board has resolved to proceed with the Maximum Scenario i.e., to issue 50,000,000 Issue Shares pursuant to the Excluded Issue. The Maximum Scenario would enable MMIS to meet the Shareholding Spread Requirement of at least 10% of the total number of its Shares for which listing is sought will be in the hands of Public shareholders (excluding the Shares of the existing Public shareholders as those Shares are to be held under moratorium for the first 12 months upon Listing) at admission to the Official List of Bursa Securities.

In view of the above, the Minimum Scenario as set out in the Information Memorandum dated 28 June 2019 is no longer applicable under the Excluded Issue.

This announcement is dated 5 August 2019.