We are pleased to announce that the SP500-C22 have expired at 9:00 a.m. on 19 June 2023 ("Expiry Date"). The Cash Settlement Amount shall be an amount in the Settlement Currency (if greater than zero), calculated as follows:

Cash Settlement Amount
= Number of Structured Warrants X (Settlement Level - Exercise Level) X (1/Exercise Ratio) X Multiplier X Settlement Exchange Rate
= Number of Structured Warrants X (4,453.3500 - 4,000.0000) X (1/1500.0000) X USD1.00 X RM/USD 4.6150
= Number of Structured Warrants X RM 1.3948

The Settlement Level has been determined at 4,453.3500, being the final settlement price for the futures contracts over SP500 scheduled to expire on 16 June 2023.

The Cash Settlement Amount, less all exercise expenses (currently borne by the Issuer and no charge shall be incurred by the Holder) shall be made by way of electronic payment or cheque within 7 Market Days from the Expiry Date. The cheques will be delivered to Holders by ordinary post.

Terms not defined in this announcement shall have the meanings given to them in the Term Sheet for the warrants and the Base Prospectus.

This announcement is dated 19 June 2023.