(Unless otherwise defined, defined terms used in this announcement shall carry the same meaning as those defined in the announcements dated 7 April 2021 and 9 April 2021 in relation to the Proposals (“Announcements”))

We refer to the Announcements in relation to the Proposals.

On behalf of the Board of Directors of Samaiden, Alliance Investment Bank Berhad (“AIBB”) wishes to announce that Bursa Malaysia Securities Berhad (“Bursa Securities”) had via its letter dated 6 May 2021 approved the following:

(i) Admission to the Official List and listing and quotation of 105,000,000 Warrants to be issued pursuant to the Proposed Bonus Issue of Warrants;

(ii) Listing and quotation of up to 105,000,000 new Samaiden Shares to be issued arising from exercise of the Warrants; and

(iii) Listing of such number of new Samaiden Shares representing up to 10% of the total number of issued Shares of Samaiden (excluding treasury shares) to be issued pursuant to the exercise of the SIS Options under the Proposed SIS.

The approval granted by Bursa Securities for the Proposed SIS is subject to the following:

(i) AIBB is required to submit a confirmation to Bursa Securities of full compliance of the Proposed SIS pursuant to Rule 6.44(1) of the Listing Requirements and stating the effective date of implementation together with a certified true copy of the resolution passed by the shareholders in general meeting; and

(ii) Samaiden is required to furnish Bursa Securities on a quarterly basis a summary of the total number of SIS shares listed as at the end of each quarter together with a detailed computation of listing fees payable.

The approval granted by Bursa Securities for the Proposed Bonus Issue of Warrants is subject to the following conditions:

(i) Samaiden and AIBB must fully comply with the relevant provisions under the Listing Requirements pertaining to the implementation of the Proposed Bonus Issue of Warrants;

(ii) Samaiden and AIBB to inform Bursa Securities upon the completion of Proposed Bonus Issue of Warrants;

(iii) Samaiden to furnish Bursa Securities with a written confirmation of its compliance with the terms and conditions of Bursa Securities’ approval once the Proposed Bonus Issue of Warrants is completed; and

(iv) Samaiden to furnish Bursa Securities on a quarterly basis a summary of the total number of shares listed pursuant to the exercise of Warrants as at the end of each quarter together with a detailed computation of listing fees payable.

Samaiden is required to ensure full compliance of all the requirements as provided under the Listing Requirements at all times.

This announcement is dated 6 May 2021.