We are pleased to announce the proposed issue by MCSM of up to 25,000,000 European-style non-collateralised cash settled call warrants over ordinary shares of AAX by way of market making.

The AAX-C25 is to be listed on the Structured Warrants Board of Bursa Malaysia Securities Berhad.

The AAX-C25 is constituted by the Deed Poll dated 19 September 2023. The AAX-C25 is subject to the terms and conditions of the Base Prospectus dated 29 September 2023. The obligations of MCSM under AAX-C25 are guaranteed by Macquarie Financial Holdings Pty Limited pursuant to the Guarantee Deed Poll dated 19 September 2023.

A summary of the principal terms of AAX-C25 is set out in the attachment.

This announcement is dated 16 January 2024.