Each Warrant carries the entitlement to subscribe for 1 new Binasat Share at the exercise price of RM0.32 at any time during the exercise period (as indicated above) ("Exercise Period"), subject to any adjustments that may be made from time to time in accordance with the provisions of the deed poll constituting the Warrants dated 29 December 2022. Any Warrant not exercised during the Exercise Period will thereafter lapse and cease to be valid and shall be cancelled and treated to have been cancelled forthwith. 

If the maturity date of the Warrants falls on a non-market day, then it will fall on the preceding market day.

This announcement is dated 26 January 2023.