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(For consistency, the abbreviations used throughout this announcement shall have the same meanings as defined in the announcement dated 15 July 2021 in relation to the Private Placement, where applicable, unless stated otherwise or defined herein.)

Reference is made to the earlier announcement in relation to the Private Placement dated 15 July 2021.

On behalf of the Board, Mercury Securities is pleased to announce that Bursa Securities had, vide its letter dated 22 July 2021 (which was received on 23 July 2021), approved the listing and quotation of up to 169,180,000 Placement Shares to be issued pursuant to the Private Placement.

The approval by Bursa Securities for the above is subject to the following conditions:-

(i)         KAB and Mercury Securities must fully comply with the relevant provisions under the Listing Requirements pertaining to the implementation of the Private Placement;

(ii)         KAB and Mercury Securities are required to inform Bursa Securities upon the completion of the Private Placement;

(iii)        KAB and Mercury Securities are required to furnish Bursa Securities with a written confirmation of its compliance with the terms and conditions of Bursa Securities’ approval once the Private Placement is completed; and

(iv)        KAB / Mercury Securities is required to furnish Bursa Securities with details of the placees in accordance with Paragraph 6.15 of the Listing Requirements as soon as practicable after each tranche of placement and before the listing of the new Shares to be issued pursuant to the Private Placement.

This announcement is dated 23 July 2021.