We wish to announce that KERJAYA-CO had expired at 9.00 a.m. on 6 September 2021 ("Expiry Date") and the Cash Settlement Amount shall be calculated as set out below:

Cash Settlement Amount
= Number of KERJAYA-CO exercised x (1/Exercise Ratio) x (Closing Price - Exercise Price) 
= Number of KERJAYA-CO exercised x (1/4) x (RM1.2112 - RM1.2800) 
= Number of KERJAYA-CO exercised x RM0.0000 

The Closing Price of RM1.2112 is the average daily volume weighted average price (VWAP) of the ordinary shares of KERJAYA for the five (5) market days prior to and including the market day immediately before the Expiry Date. The KERJAYA-CO is deemed to have been automatically exercised on the Expiry Date.

As the Cash Settlement Amount is less than Zero, warrantholders will not be entitled to receive any payment from us and all outstanding and unexercised KERJAYA-CO will cease to be valid and all our obligations in respect to KERJAYA-CO shall terminate absolutely.

This announcement is dated 6 September 2021.