For consistency purposes, the abbreviations and definitions used throughout this announcement are the same as those previously defined in the abridged prospectus dated 4 March 2024 in relation to the Rights Issue ("Abridged Prospectus").

We refer to the Company’s announcement dated 10 August 2023 and its subsequent announcements in relation to the Rights Issue as well as the Abridged Prospectus.

On behalf of the Board, KAF IB wishes to announce that as at 5.00 p.m. on 20 March 2024, being the closing date of the acceptance, Excess Application and payment for the Rights ICULS, the Company had received valid acceptances and Excess Applications for a total of 780,342,595 Rights ICULS, representing a subscription rate of 56.56% over the total number of Rights ICULS available for subscription under the Rights Issue, resulting in an under-subscription rate of 43.44%.

The details of such valid acceptances and Excess Applications received are as follows:-

The Minimum Subscription Level for the Rights Issue had been achieved notwithstanding the under-subscription for the Rights Issue.

In view that the Rights ICULS have not been fully subscribed for, the Board has decided to allot the Rights ICULS to all Entitled Shareholders and/or their renouncee(s)/transferee(s) (if applicable) who have applied for the Excess Rights ICULS.

The Rights ICULS are expected to be listed on the Main Market of Bursa Securities on 5 April 2024.

This announcement is dated 1 April 2024.