ADJUSTMENT TO THE TERMS AND CONDITIONS OF THE EUROPEAN STYLE NON-COLLATERALISED CASH SETTLED CALL WARRANTS OVER THE ORDINARY SHARES OF MBM RESOURCES BHD ("MBMR") ("MBMR-C11") PURSUANT TO THE SPECIAL DIVIDEND OF 20.0 SEN PER ORDINARY SHARE TAX EXEMPTED UNDER THE SINGLE-TIER SYSTEM ("SPECIAL DIVIDEND")

Kindly be advised of the following:

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

Remarks:

We refer to MBMR announcement dated 27 August 2026 pursuant to the special dividend of 20.0 sen per ordinary share tax exempted under the single-tier system ("Special Dividend")

In accordance with the Third Schedule of the Deed Poll dated 14 May 2026, the terms and conditions of MBMR-C11 will be adjusted accordingly as follow:
1. Adjusted Exercise Ratio = E x [(P - D) / P]
2. Adjusted Exercise Price = X x [(P - D) / P]
 

whereby: 
D = RM0.2000, being the Special Dividend per one MBMR Share held. 
P = Closing price of MBMR on the last market day on which MBMR is traded on cum-entitlement basis. 
E : 6.5, being the existing Exercise Ratio of MBMR-C11 immediately prior to the Special Dividend 
X : RM5.6600, being the existing Exercise Price of MBMR-C11 immediately prior to the Special Dividend.

Please note the Exercise Price and Exercise Ratio shall only be adjusted if the adjustment would result in greater than or equal to two percent (2%) of the Exercise Price and Exercise Ratio being changed.

For avoidance of doubt, reference should be made to the Base Prospectus dated 26 May 2026 and the terms and conditions therein shall prevail.