Financial Highlights

Bonus Issue of up to 53,791,760 new ordinary shares in Malaysia Steel Works (KL) Bhd (“Masteel”) (“Bonus Share(s)”) on the basis of 1 Bonus Share for every 5 existing ordinary shares held in Masteel (“Masteel Share(s)” or “Share(s)”) at 5.00 p.m. on 28 September 2017.

Kindly be advised of the following :

1)    The above Company’s securities will be traded and quoted “[Ex-Bonus Issue]” as from: 26 Sep 2017
2)    The last date of lodgment : 28 Sep 2017
3)    Retention Money: Where securities are not delivered in time for registration by the seller, then the brokers concerned:-
a)    Selling Broker to deduct <1/6>, of Selling Price against the Selling Client
b)    Buying Broker to deduct <16.66%>, of Purchase Price against the Buying Client
c)    Between Broker and Broker, the deduction of <1/6>, of the Transacted Price is applicable.

Remarks 1: “Bursa Malaysia Securities Bhd would like to clarify that on the basis of settlement taking place after 28 September 2017 with bonus issue of MASTEEL shares, any shareholder who is entitled to receive MASTEEL bonus issue shares, may sell any or all of his MASTEEL shares arising from the bonus issue beginning the Ex-Date (26 September 2017).

For example, if Mr X purchases 500 MASTEEL shares on cum basis on 25 September 2017, Mr X should receive 500 shares on 28 September 2017. As a result of the bonus issue, a total of 600 MASTEEL  shares will be credited into Mr X’s CDS account on the night of 28 September 2017 being the Book Closing Date. Therefore, Mr X can sell the bonus issue shares of 600 on or after the Ex-Date i.e. from 26 September 2017 onwards.”

Remarks 2: The Bonus Shares will be listed and quoted on the Main Market of Bursa Malaysia Securities Berhad (“Bursa Securities”) on 29 September 2017, being 1 market day after the Entitlement Date. The Share Registrar of Masteel will issue and despatch notices of allotment of the Bonus Shares to all entitled shareholders of Masteel within 4 market days after the date of the listing of and quotation for the Bonus Shares on the Main Market of Bursa Securities.