We are pleased to announce the proposed issue by MCSM of up to 15,000,000 European-style non-collateralised cash settled call warrants over ordinary shares of TENAGA by way of market making.

The TENAGA-C3L is to be listed on the Structured Warrants Board of Bursa Malaysia Securities Berhad.

The TENAGA-C3L is constituted by the Deed Poll dated 12 September 2025. The TENAGA-C3L is subject to the terms and conditions of the Base Prospectus dated 30 September 2025. The obligations of MCSM under TENAGA-C3L are guaranteed by Macquarie Financial Limited pursuant to the Guarantee Deed Poll dated 12 September 2025.

A summary of the principal terms of TENAGA-C3L is set out in the attachment.

This announcement is dated 11 November 2025.