On behalf of the Board of Directors of Paramount (“Board”), RHB Investment Bank Berhad (“RHB Investment Bank”) wishes to announce that Paramount, entered into a binding supplemental letter ("Supplemental Letter") and cumulative redeemable non-convertible preference shares ("CRNCPS") redemption notice ("CRNCPS Redemption Notice") with Dynamic Gates Sdn Bhd ("DGSB"), on 28 July 2025, and proposed to undertake the following:

(i)         proposed subscription of new redeemable preference shares ("RPS") in DGSB for the redemption of 126,000,000 CRNCPS issued by DGSB (“Proposed RPS Subscription”);

(ii)        proposed extension of the tenure and amendment of the existing terms and conditions of the CRNCPS subscription agreement dated 6 December 2018 for subscription of CRNCPS up to RM450,000,000 ("CRNCPS Subscription Agreement") (“Proposed Extension and Amendment of CRNCPS Subscription Agreement”);

(iii)         proposed extension of the call option exercise period under the call option agreement dated 6 December 2018 ("Call Option Agreement") and the put option exercise period under the put option agreement dated 6 December 2018 ("Put Option Agreement") in respect of the subject campus properties (collectively referred to as “Proposed Call and Put Option Extension”); and

(iv)        proposed extension of the tenure and amendment of the existing terms and conditions of the master lease agreement dated 6 December 2018 entered into between Janahasil Sdn Bhd, a wholly owned subsidiary of Paramount, as lessee and DGSB as lessor for the leasing of the subject campus properties (“Proposed Extension and Amendment of Master Lease Agreement”),

(collectively referred to as the “Proposals”).

Please refer to the attachment for further details of the Proposals.

This announcement is dated 28 July 2025.