(Unless otherwise stated, all abbreviations and definitions used herein shall have the same meaning as those used in the announcements dated 28 May 2024, 7 June 2024, 25 June 2024, 11 July 2024, 12 July 2024, 14 August 2024, 15 August 2024, 6 September 2024 and 12 September 2024 in relation to the Proposed SCR (“Announcements”))

Reference is made to the Announcements.

On behalf of the Board, Maybank IB wishes to announce that the petition to the High Court to obtain an order by the High Court confirming the special resolution passed by the disinterested shareholders on 6 September 2024 in relation to the Proposed SCR (“High Court Order”) was met by an intervening application filed by ISM Sendirian Berhad (“ISM”) (“Intervening Application”) on the grounds that the grant of the High Court Order may affect ISM’s rights against MPHB in relation to an ongoing contentious shareholder dispute filed by ISM against MPHB and its subsidiaries, namely Multi-Purpose Shipping Corporation Berhad, Queensway Nominees (Asing) Sdn Bhd, Queensway Nominees (Tempatan) Sdn Bhd, West-Jaya Sdn Bhd, Mulpha Kluang Maritime Carriers Sdn Bhd and Leisure Dotcom Sdn Bhd, as well as its respective directors (“Ongoing Dispute”). Information on the Ongoing Dispute was disclosed in Section 12, Appendix IV of the circular issued to the shareholders of MPHB in relation to the Proposed SCR dated 15 August 2024.

The High Court has fixed a hearing date for the Intervening Application on 3 December 2024. The hearing date for the petition to obtain the High Court Order can only be determined once the High Court has provided its ruling in respect of the Intervening Application.

This announcement is dated 3 October 2024.