ADJUSTMENTS TO THE TERMS AND CONDITIONS OF THE NON-COLLATERALISED EUROPEAN-STYLE CASH SETTLED CALL WARRANTS OVER ORDINARY SHARES OF MALAYSIA SMELTING CORPORATION BERHAD ("MSC") ("MSC-C1") IN RELATION TO THE SPECIAL SINGLE-TIER DIVIDEND OF RM0.04 PER SHARE IN RESPECT OF THE FINANCIAL YEAR ENDING 31 DECEMBER 2026 ("SPECIAL DIVIDEND").

Kindly be advised of the following :

1) The above Company's securities will be traded and quoted "Ex - Adjustment" as from: 10 Jun 2026
2) The last date of lodgment : 11 Jun 2026

Remarks :

In accordance with Part 1 of the Deed Poll dated 22 October 2025, the Exercise Ratio and Exercise Price of MSC-C1 will be adjusted as follows:

a.    Adjusted Exercise Ratio = E x [(P - D) / P]

b.    Adjusted Exercise Price = X x [(P - D) / P]

whereby:

P =     Closing price of MSC shares on the last market day on which MSC shares are traded on a cum-entitlement basis

D =     RM0.0400, being the Special Dividend per one (1) MSC Share

X =     RM2.0500, being the existing Exercise Price of MSC-C1 immediately prior to the Special Dividend

E =     3.5000, being the existing Exercise Ratio of MSC-C1 immediately prior to the Special Dividend

No adjustment shall be made to the Exercise Ratio or the Exercise Price if the adjustment would amount to less than 2% of the Exercise Ratio or the Exercise Price being changed.