We refer to the announcements dated 30 June 2022, 7 July 2022, 15 July 2022, 29 July 2022 and 3 August 2022 in relation to the Proposed Acquisition (“Announcements”). Unless otherwise defined, the definitions set out in the Announcements shall apply herein.

On behalf of the Board of Directors of ILB, Kenanga Investment Bank Berhad wishes to announce that ILB and Impian Nuri had on 5 August 2022 agreed to:

(i) further extend the conditional period expiring on 5 August 2022 to 4 September 2022 (“Second Extended Conditional Period”), to enable for the fulfilment of the condition precedent of the SPA; and

(ii) at Impian Nuri’s request, ILB had agreed to hold Impian Nuri harmless and to indemnify and keep Impian Nuri indemnified at all times on a reasonable basis against any suits, claims, legal fees, cost, losses and/or damages that Impian Nuri may suffer or incur arising from such suits or claims in the event ILB is not able to fulfill the condition precedent as set out in the SPA after having taken all reasonable steps as necessary in accordance with the SPA.  

Save and except for the above and the Extended Conditional Period, all other terms and conditions of the SPA remain unchanged. 

This announcement is dated 5 August 2022.