We are pleased to announce that the HIBISCS-C13 have expired at 5.00 p.m. on 19 June 2020 ("Expiry Date"). The Cash Settlement Amount shall be an amount in the Settlement Currency (if greater than zero), calculated as follows:

Cash Settlement Amount
= Number of Structured Warrants X (Settlement Price - Exercise Price) X (1/Exercise Ratio)
= Number of Structured Warrants X (RM 0.6410 - RM 0.8500) X (1/1.5000)
= Number of Structured Warrants X RM 0.0000

The Settlement Price has been determined at RM 0.6410, being the average closing price of the HIBISCS Shares on Bursa Malaysia Securities Berhad for the five (5) Market Days prior to and including the Market Day immediately before the Expiry Date.

As the Settlement Price is less than the Exercise Price, the Cash Settlement Amount is negative. Warrantholders will not be entitled to receive any payment of the Cash Settlement Amount.

Terms not defined in this announcement shall have the meanings given to them in the Term Sheet for the warrants and the Base Prospectus.

This announcement is dated 19 June 2020.