We refer to the Company's announcements dated 18 June 2021 and 22 September 2021 wherein the Board of Directors of the Company had announced that it proposed to undertake amongst others, the acquisition of a hydro asset (“Proposed Acquisitions”). As a result of the Proposed Acquisitions, the collective shareholdings of the Offeror and its parties acting in concert will increase from below 33% to above 50%. Thus, in accordance with Paragraph 4.01(a) of the Rules, the Offeror and its parties acting in concert are obliged to undertake the Offer.

Pursuant to Paragraph 19.05 of the Rules, the Company had on 5 April 2023 received the notifications from the following Chief Executive Officer/Director and Principal Officer of the Company, who are not persons acting in concert with the Offeror, on their dealings in JSB Shares taken place on 4 April 2023, of which the details are as follows:

Name of registered holder

Nature of transaction

Date

Quantity

Average price

Amount

RM

RM

Jeefri bin Muhamad Yusup

Disposal of Warrants via Direct Business Transaction

04.04.2023

4,100,000

0.40 each

1,640,000.00 

M Satya Riayatsyah
bin Syafruddin

Acquisition of
Warrants via
Direct Business
Transaction

04.04.2023

600,000

0.40 each

240,000.00

This announcement is dated 5 April 2023.