The Board of Directors of Karambunai Corp Bhd ("KCB") ("Board") wishes to announce that the Board has, on 23 September 2019 received a notice of unconditional voluntary take-over offer ("Notice") from UOB Kay Hian Securities (M) Sdn Bhd on behalf of the Offeror, to acquire the following:-

i.  All the remaining ordinary shares in KCB ("KCB Share(s)"), as well as such number of new KCB Shares that may be issued prior to the closing of the Offer arising from the exercise of the outstanding Warrants (as defined herein) ("Offer Share(s)") at a cash offer price of RM0.11 per Offer Share ("Share Offer Price"); and

ii.  All the remaining warrants 2013/2023 in KCB ("Warrant(s)") not already held by the Offeror ("Offer Warrant(s)") at a cash offer price of RM0.03 per Offer Warrant ("Warrant Offer Price").

(Collectively referred to as the "Offer")

Any reference to "Offer Securities" hereinafter shall mean the Offer Share(s) and/ or Offer Warrant(s), as the case may be. Any reference to "Offer Price" hereinafter shall mean the Share Offer Price and/ or Warrant Offer Price, as the case may be. 

A copy of the Notice is enclosed in this announcement and the same will be posted to the holders of the Offer Securities within 7 days from the date of this announcement.

This announcement is dated 23 September 2019.