Unless otherwise defined herein, all terms and acronyms used herein shall be the same as those defined in the Company’s previous announcements dated 18 November 2021 onwards in relation to default in payment of Thai Bonds.

Reference is made to the previous announcements dated 18 November 2021, 22 November 2021, 6 December 2021, 10 December 2021, 16 December 2021, 21 December 2021, 29 December 2021, 31 January 2022 and 1 March 2022.

The Board of Directors of KNM Group Berhad (the “Company”) wishes to announce that the Company had entered into bilateral negotiations with CGIF in order to satisfy the Reimbursement Demand in a timely manner. The Company is in close communication with CGIF on the Company’s ongoing refinancing plans to address this event of default and where applicable, to reimburse CGIF the guaranteed amount paid by CGIF to the bondholders.

The Company will make the necessary announcement to Bursa Malaysia Securities Berhad as and when there is material development in relation thereof.

This announcement is dated 1 April 2022.