99SMART-C25 - Notice of Book Closure

ADJUSTMENT TO THE TERMS AND CONDITIONS OF THE EUROPEAN STYLE NON-COLLATERALISED CASH SETTLED CALL WARRANTS OVER ORDINARY SHARES OF 99 SPEED MART RETAIL HOLDINGS BERHAD ("99SMART") ("99SMART-C25") IN RELATION TO A SPECIAL INTERIM DIVIDEND OF RM0.0025 PER ORDINARY SHARE ("SPECIAL DIVIDEND")

Kindly be advised of the following :

1) The above Company's securities will be traded and quoted "Ex - Adjustment” as from: 01 Dec 2025

2) The last date of lodgment : 02 Dec 2025

Remarks :

In accordance with Part 1 of the Deed Poll dated 22 October 2025, the Exercise Ratio and Exercise Price of 99SMART-C25 will be adjusted as follows:

a. Adjusted Exercise Ratio = E x [(P - D) / P]

b. Adjusted Exercise Price = X x [(P - D) / P]

whereby:

P = Closing price of 99SMART shares on the last market day on which 99SMART shares are traded on a cum-entitlement basis

D = RM0.0025, being the Special Dividend per one (1) 99SMART Share

X = RM3.6800, being the existing Exercise Price of 99SMART-C25 immediately prior to the Special Dividend

E = 3.0000, being the existing Exercise Ratio of 99SMART-C25 immediately prior to the Special Dividend

We shall make the announcement on the actual adjustments to 99SMART-C25 on the Last Cum Date (i.e. 28 November 2025).

No adjustment shall be made to the Exercise Ratio or the Exercise Price if the adjustment would amount to less than 2% of the Exercise Ratio or the Exercise Price being changed.