ADJUSTMENTS TO THE TERMS AND CONDITIONS OF THE NON-COLLATERALISED EUROPEAN-STYLE CASH SETTLED CALL WARRANTS OVER ORDINARY SHARES OF MALAYSIA SMELTING CORPORATION BERHAD ("MSC") ("MSC-CX") PURSUANT TO A SPECIAL SINGLE-TIER DIVIDEND OF RM0.04 PER SHARE IN RESPECT OF THE FINANCIAL YEAR ENDING 31 DECEMBER 2026 ("SPECIAL DIVIDEND")

Kindly be advised of the following :

1) The above Company's securities will be traded and quoted "Ex - Adjustment" as from: 10 Jun 2026
2) The last date of lodgment : 11 Jun 2026

Remarks :

In accordance with Condition 2, Part 1 of the Deed Poll dated 8 October 2025 - Adjustment of Exercise Price, Underlying Index, Exercise Level and/or Exercise Ratio, the Exercise Ratio and Exercise Price of MSC-CX shall be adjusted in accordance with the following formula:

Adjustment pursuant to Special Dividend

1. Adjusted Exercise Ratio = E x (P - D) / P

2. Adjusted Exercise Price = X x (P - D) / P

Whereby in respect of this Condition 2.1.1(d)(i) and (ii):

P: Closing price of MSC on the last market day on which MSC is traded on a cum-entitlement basis.

D: RM0.0400, being the Special Dividend per MSC share

X: RM1.8000, being the existing Exercise Price immediately prior to the Special Dividend

E:  4.0000, being the existing Exercise Ratio immediately prior to the Special Dividend

No adjustments will be made to the Exercise Ratio and/or Exercise Price of MSC-CX if such adjustments would amount to less than two percent (2%) of the Exercise Ratio and/or Exercise Price being changed.

For avoidance of doubt, reference should be made to the Base Prospectus dated 17 October 2025, the First Supplementary Base Prospectus dated 14 November 2025, the Second Supplementary Base Prospectus dated 22 January 2026, the Third Supplementary Base Prospectus dated 18 March 2026 and the terms and conditions therein shall prevail.

RHBIB, as the issuer of MSC-CX, will make further announcements should there be any updates in due course.