We are pleased to announce the proposed issuance by Maybank IB of up to 100,000,000 European style non-collateralised cash settled call warrants over the SIMEPROP Shares.

SIMEPROP-C8 is constituted by the Deed Poll dated 15 December 2021 executed by us for the Structured Warrants, as supplemented from time to time. SIMEPROP-C8 is subject to the terms and conditions of the Base Prospectus dated 20 December 2021, the First Supplementary Base Prospectus dated 27 January 2022 and the Term Sheet dated 31 March 2022.

SIMEPROP-C8 is to be listed on the Structured Warrants Board of Bursa Malaysia Securities Berhad. A summary of the principal terms of SIMEPROP-C8 is set out in the attachment.