ADJUSTMENT TO THE TERMS AND CONDITIONS OF THE EUROPEAN STYLE NON-COLLATERALISED CASH SETTLED CALL WARRANTS OVER ORDINARY SHARES OF KELINGTON GROUP BERHAD ("KGB") ("KGB-C7") PURSUANT TO A SPECIAL INTERIM DIVIDEND OF 1.5 SEN PER ORDINARY SHARE FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2025 ("SPECIAL DIVIDEND")

Kindly be advised of the following :

1) The above Company's securities will be traded and quoted "Ex - Adjustment" as from: 09 Apr 2026
2) The last date of lodgment : 10 Apr 2026

Remarks :

In accordance with Part 1 of the Deed Poll dated 7 November 2025, the Exercise Ratio and Exercise Price of KGB-C7 will be adjusted as follows:

a.    Adjusted Exercise Ratio = E x [(P - D) / P]

b.    Adjusted Exercise Price = X x [(P - D) / P]

whereby:

P =     Closing price of KGB shares on the last market day on which KGB shares are traded on a cum-entitlement basis

D =     RM0.0150, being the Special Dividend per one (1) KGB Share

X =     RM5.6000, being the existing Exercise Price of KGB-C7 immediately prior to the Special Dividend

E =     4.5000, being the existing Exercise Ratio of KGB-C7 immediately prior to the Special Dividend

We shall make the announcement on the actual adjustments to KGB-C7 on the Last Cum Date (i.e. 08 April 2026).

No adjustment shall be made to the Exercise Ratio or the Exercise Price if the adjustment would amount to less than 2% of the Exercise Ratio or the Exercise Price being changed.