| 1. Details of Corporate Proposal |
| Involve issuance of new type/class of securities ? | No |
| Types of corporate proposal | Private Placement |
| Details of corporate proposal | PRIVATE PLACEMENT OF UP TO 42,500,000 NEW ORDINARY SHARES IN MALAYSIA STEEL WORKS (KL) BHD (“MASTEEL”) (“MASTEEL SHARE(S)” OR “SHARE(S)”), REPRESENTING UP TO APPROXIMATELY 10% OF THE TOTAL NUMBER OF ISSUED SHARES OF MASTEEL (EXCLUDING TREASURY SHARES) PURSUANT TO SECTIONS 75 AND 76 OF THE COMPANIES ACT 2016 (“PRIVATE PLACEMENT”) |
| No. of shares issued under this corporate proposal | 1,750,000 |
| Issue price per share ($$) | Malaysian Ringgit (MYR) 0.4090 |
| Par Value($$) (if applicable) | |
| Latest issued share capital after the above corporate proposal in the following |
| Units | 445,789,831 |
| Issued Share Capital ($$) | Malaysian Ringgit (MYR) 237,263,665.000 |
| Listing Date | 16 Jan 2020 |
