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(I) FREE DETACHABLE WARRANTS IN ALAM MARITIM RESOURCES BERHAD ("AMRB" OR THE "COMPANY") ("WARRANTS") ISSUED PURSUANT TO THE RENOUNCEABLE RIGHTS ISSUE OF 114,887,080 NEW ORDINARY SHARES IN THE COMPANY ("AMRB SHARES" OR "SHARES") ("RIGHTS SHARES") AT AN ISSUE PRICE OF RM0.12 PER RIGHTS SHARE TOGETHER WITH 28,721,770 WARRANTS ("RIGHTS WARRANTS") ON THE BASIS OF 3 RIGHTS SHARES FOR EVERY 4 EXISTING SHARES HELD BY THE ENTITLED SHAREHOLDERS OF THE COMPANY AT 5.00 P.M. ON 31 JULY 2025 TOGETHER WITH 1 RIGHTS WARRANT FOR EVERY 4 RIGHTS SHARES SUBSCRIBED; AND (II) WARRANTS ISSUED PURSUANT TO THE SETTLEMENT OF PART OF THE AMOUNT OWING TO THE CREDITORS OF THE COMPANY AND ALAM MARITIM (M) SDN BHD, A WHOLLY OWNED SUBSIDIARY OF THE COMPANY, VIA THE ISSUANCE OF 177,506,735 NEW AMRB SHARES ("SETTLEMENT SHARES") AT AN ISSUE PRICE OF RM0.2783 EACH TOGETHER WITH 44,376,683 WARRANTS ("SETTLEMENT WARRANTS") ON THE BASIS OF 1 SETTLEMENT WARRANT FOR EVERY 4 SETTLEMENT SHARES
Each Warrant carries the entitlement to subscribe for 1 new AMRB Share at the exercise price of RM0.30 at any time during the exercise period (as indicated above) ("Exercise Period"), subject to any adjustments that may be made from time to time in accordance with the provisions of the deed poll constituting the Warrants dated 10 July 2025. Any Warrant not exercised during the Exercise Period will thereafter lapse and cease to be valid for any purpose and shall be cancelled and treated to have been cancelled forthwith. If the maturity date of the Warrants falls on a non-market day, then it will fall on the market day immediately preceding the said date. This announcement is dated 28 August 2025.