We wish to announce that PENTA-C1 had expired at 9.00 a.m. on 26 July 2021 ("Expiry Date") and the Cash Settlement Amount shall be calculated as set out below:

Cash Settlement Amount
= Number of PENTA-C1 exercised x (1/Exercise Ratio) x (Closing Price - Exercise Price) 
= Number of PENTA-C1 exercised x (1/8) x (RM5.3397 - RM5.8800) 
= Number of PENTA-C1 exercised x RM0.0000 

The Closing Price of RM5.3397 is the average daily volume weighted average price (VWAP) of the ordinary shares of PENTA for the five (5) market days prior to and including the market day immediately before the Expiry Date. The PENTA-C1 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 PENTA-C1 will cease to be valid and all our obligations in respect to PENTA-C1 shall terminate absolutely.

This announcement is dated 26 July 2021.