We are pleased to announce the proposed issue by MCSM of up to 15,000,000 European-style non-collateralised cash settled call warrants over ordinary shares of TENAGA by way of market making.

The TENAGA-C1O is to be listed on the Structured Warrants Board of Bursa Malaysia Securities Berhad.

The TENAGA-C1O is constituted by the Deed Poll dated 26 September 2022. The TENAGA-C1O is subject to the terms and conditions of the Base Prospectus dated 30 September 2022. The obligations of MCSM under TENAGA-C1O are guaranteed by Macquarie Financial Holdings Pty Limited pursuant to the Guarantee Deed Poll dated 26 September 2022.

A summary of the principal terms of TENAGA-C1O is set out in the attachment.

This announcement is dated 13 December 2022.