We are pleased to announce the proposed issue by MCSM of up to 26,000,000 European-style non-collateralised cash settled call warrants over ordinary shares of PMETAL by way of market making.

The PMETAL-C97 is to be listed on the Structured Warrants Board of Bursa Malaysia Securities Berhad.

The PMETAL-C97 is constituted by the Deed Poll dated 19 September 2023. The PMETAL-C97 is subject to the terms and conditions of the Base Prospectus dated 29 September 2023. The obligations of MCSM under PMETAL-C97 are guaranteed by Macquarie Financial Holdings Pty Limited pursuant to the Guarantee Deed Poll dated 19 September 2023.

A summary of the principal terms of PMETAL-C97 is set out in the attachment.

This announcement is dated 13 December 2023.