We are pleased to announce the proposed issue by MCSM of up to 19,000,000 European-style non-collateralised cash settled call warrants over ordinary shares of FRONTKN by way of market making.

The FRONTKN-C2 is to be listed on the Structured Warrants Board of Bursa Malaysia Securities Berhad.

The FRONTKN-C2 is constituted by the Deed Poll dated 26 October 2020. The FRONTKN-C2 is subject to the terms and conditions of the Base Prospectus dated 30 October 2020. The obligations of MCSM under FRONTKN-C2 are guaranteed by Macquarie Financial Holdings Pty Limited pursuant to the Guarantee Deed Poll dated 26 October 2020.

A summary of the principal terms of FRONTKN-C2 is set out in the attachment.

This announcement is dated 30 April 2021.