On behalf of the Board of Directors of Privasia Technology, Alliance Islamic Bank Berhad wishes to announce that the Company proposes to undertake a proposed private placement of up to 61,402,002 new ordinary shares in Privasia Technology, representing up to 10% of the total number of issued shares of Privasia Technology to third party investor(s) to be identified, at an issue price to be determined and announced later ("Proposed Private Placement").

Further details of the Proposed Private Placement are set out in the attachment.

This announcement is dated 16 February 2024.