ADJUSTMENTS TO THE TERMS AND CONDITIONS OF THE NON-COLLATERALISED EUROPEAN-STYLE CASH SETTLED CALL WARRANTS OVER ORDINARY SHARES OF BERMAZ AUTO BERHAD ("BAUTO") ("BAUTO-C57") IN RELATION TO THE SPECIAL DIVIDEND OF 1.75 SEN SINGLE-TIER DIVIDEND PER SHARE ("SPECIAL DIVIDEND")

Kindly be advised of the following :

1) The above Company's securities will be traded and quoted "Ex - Adjustment" as from: 21 Jul 2026
2) The last date of lodgment : 22 Jul 2026

Remarks :

In accordance with Part 1 of the Deed Poll dated 22 October 2025, the Exercise Ratio and Exercise Price of BAUTO-C57 will be adjusted as follows:

Adjustment pursuant to Special Dividend

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

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

whereby:

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

D =     RM0.0175, being the Special Dividend per one (1) BAUTO Share

X =     RM0.8500, being the existing Exercise Price of BAUTO-C57 immediately prior to the Special Dividend

E =     2.0000, being the existing Exercise Ratio of BAUTO-C57 immediately prior to the Special Dividend

We shall make the announcement on the actual adjustments to BAUTO-C57 on the Last Cum Date.

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.