We refer to the announcements dated 30 June 2022, 7 July 2022, 15 July 2022 and 29 July 2022 in relation to the Proposed Acquisition (“Announcements”). Unless otherwise defined, the definitions set out in the Announcements shall apply herein.

We further refer to the Company’s announcement dated 3 August 2022 in relation to the written requisition received from certain shareholders of the Company holding, in aggregate, more than 10% of the issued share capital of the Company (“Requisitioning Members”) to convene an extraordinary general meeting pursuant to Section 311 of the Companies Act 2016 in relation to the Requisitioning Members’ intention to revoke the general mandate pursuant to Sections 75 and 76 of the Companies Act 2016 approved by the shareholders of ILB under ordinary resolution 8 at the 30th annual general meeting of ILB held on 26 April 2022 (“General Mandate”).

We also refer to the Company’s announcement dated 3 August 2022 in relation to the receipt of an originating summons from BT Investment Capital Limited on the subject of the Proposed Acquisition.

On behalf of ILB, Kenanga Investment Bank Berhad wishes to announce that taking into consideration the above, the Company is seeking legal advice on the matter and will be assessing the course of action to be taken. Further material development in relation to the Proposed Acquisition will be announced accordingly.

This announcement is dated 3 August 2022.