We are pleased to announce the proposed issue by MCSM of up to 28,000,000 European-style non-collateralised cash settled call warrants over ordinary shares of PMETAL by way of market making.

The PMETAL-C2I is to be listed on the Structured Warrants Board of Bursa Malaysia Securities Berhad.

The PMETAL-C2I is constituted by the Deed Poll dated 12 September 2025. The PMETAL-C2I is subject to the terms and conditions of the Base Prospectus dated 30 September 2025. The obligations of MCSM under PMETAL-C2I are guaranteed by Macquarie Financial Limited pursuant to the Guarantee Deed Poll dated 12 September 2025.

A summary of the principal terms of PMETAL-C2I is set out in the attachment.

This announcement is dated 11 November 2025.