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(For consistency, the abbreviations used throughout this announcement shall have the same meanings as defined in the announcement dated 16 January 2020 in relation to the Proposed Private Placement, where applicable, unless stated otherwise or defined herein.)

Reference is made to the earlier announcement dated 16 January 2020.

On behalf of the Board, Mercury Securities is pleased to announce that Bursa Securities has, vide its letter dated 22 January 2020, approved the Proposed Share Split.

This announcement is dated 22 January 2020.