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Unless otherwise redefined, the definitions set out in the earlier announcements in relation to the Rights Issue with Warrants shall apply in this announcement.

On behalf of the Board, M&A Securities wishes to announce that Bursa Securities had vide its letter dated 6 July 2021 resolved to grant Masteel an extension of time until 14 January 2022 to complete the implementation of the Rights Issue with Warrants.

This announcement is dated 6 July 2021.

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