The Board of M&G wishes to announce that the Company has received a notification dated 27 January 2026 from its Director and major shareholder namely, Tan Sri Mohammed Azlan bin Hashim, who is also the Executive Chairman of the Company that his son had exercised the Call Option to acquire 1,000,000 JMM PS from the Banks at the exercise price of RM1.10 per JMM PS. The 1,000,000 JMM PS are exchangeable with 10,000,000 ordinary shares of M&G.

Under the abovementioned Call Option, each of the Promoters (Tan Sri Mohammed Azlan bin Hashim and Abdul Rahman bin Ali) shall have the option to acquire such number of JMM PS under the Call Option Agreement from each Bank calculated on a pro-rata basis according to each Bank’s percentage of the total number of JMM PS beneficially owned by such Bank at the time the Call Option is exercised by the relevant Promoters.

The details of the options exercised are set out below:

Shareholders’ approval for the issuance and allotment of new ordinary shares in M&G and the acquisition of JMM PS from the Promoters were duly obtained via an Extraordinary General Meeting of the Company held on 31 December 2019.

Relevant announcements will be made when the abovementioned JMM PS are exchanged for the ordinary shares of M&G by Mohammed Zharif bin Mohammed Azlan in due course.

This announcement is dated 27 January 2026.