We are pleased to announce the proposed issue by KIBB of up to 35,000,000 European style non-collateralised cash-settled call warrants over the ordinary shares of MSC.

The MSC-C2 is constituted by the Deed Poll dated 20 May 2025 executed by us, as supplemented from time to time. The MSC-C2 is subject to the terms and conditions of the Base Prospectus dated 27 May 2025, the First Supplementary Base Prospectus dated 6 October 2025, the Second Supplementary Base Prospectus dated 6 March 2026 and the Term Sheet dated 25 May 2026.

The MSC-C2 will be listed on the Structured Warrants Board of Malaysia Securities Berhad and issued by KIBB under the Base Prospectus dated 27 May 2025, the First Supplementary Base Prospectus dated 6 October 2025 and the Second Supplementary Base Prospectus dated 6 March 2026.

A summary of principal terms of the MSC-C2 is set out in Table 1.

This announcement is dated 25 May 2026.