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Issuance of 188,946,927 free detachable warrants ("Warrant(s)") in relation to the Rights Issue with Warrants
The Warrants are issued for free pursuant to the Rights Issue with Warrants on the basis of two (2) Warrants for every three (3) Rights Shares subscribed. Each Warrant entitles the registered holder to subscribe for one (1) new MNC Share at the exercise price of RM0.10 at any time during the exercise period as indicated above ("Exercise Period"), subject to the adjustments in accordance with the provisions of the deed poll dated 27 September 2016 constituting the Warrants. Any Warrants not exercised during the Exercise Period will thereafter lapse and cease to be valid for any purpose. This announcement is dated 10 November 2016.