We wish to announce that MI-C31 expired at 9.00 a.m. on 25 February 2026 ("Expiry Date") and the Holders shall be entitled to the Cash Settlement Amount (per MI-C31) (if the said amount is greater than zero).

The Settlement Price has been determined at RM3.0080 being the average closing price of MI Shares for the five (5) Market Days prior to and including the Market Day immediately preceding the Expiry Date.

Cash Settlement Amount

= Number of Structured Warrants  x {(Settlement Price - Exercise Price) x (1 / Exercise Ratio)} - Exercise Expenses

= Number of Structured Warrants  x {(3.0080 - 2.0800) x (1 / 4.0000)} - Exercise Expenses

= Number of Structured Warrants  x RM0.2320 - Exercise Expenses

The Structured Warrants shall be automatically exercised at 9.00 a.m. on the Expiry Date if the Cash Settlement Amount is greater than zero.

In the event that the Cash Settlement Amount after deducting all the Exercise Expenses is equal to or less than zero on the Expiry Date, the Structured Warrants shall terminate on the Expiry Date and cease to be valid and the Issuer's obligations in respect of the Structured Warrants shall terminate absolutely. The Holders shall not be required to pay or top up the Exercise Expenses in the event the Cash Settlement Amount is negative after deducting Exercise Expenses.

The Cash Settlement Amount less the Exercise Expenses (currently borne by the Issuer and no charge shall be incurred by the Holder) shall be made by way of cheque drawn in favour of the Holder to be delivered by ordinary post to the Holder's address last recorded in the Record of Depositors at the Holder's own risk or by way of wire transfer to the bank account of the Holder last updated in the Record of Depositors within seven (7) Market Days following the Expiry Date.


This announcement is dated 25 February 2026.