Unless otherwise stated, all abbreviations, definitions and terms used herein shall have the same meanings as those used in the Company’s announcements dated 29 September 2017, 27 October 2017 and 22 November 2017 in relation the Proposals (“Announcements”).

On behalf of the Board, Maybank IB is pleased to announce that Bursa Securities had, vide its letter dated 11 January 2018, approved the application in relation to the following:

(a)   admission to the Official List and the initial listing and quotation of up to 47,862,151 Warrants to be issued pursuant to the Proposed Rights with Bonus Issue and Warrants;

(b)   listing of:

       (i)     94,736,842 new HEB Shares to be issued pursuant to the Proposed Acquisition;

       (ii)    up to 31,908,101 new HEB Shares to be issued pursuant to the Proposed Rights with Bonus Issue and Warrants;

       (iii)   up to 15,954,050 Bonus Shares to be issued pursuant to the Proposed Rights with Bonus Issue and Warrants;

       (iv)   up to 52,300,000 new HEB Shares to raise gross proceeds of up to RM52,300,000 pursuant to the Proposed Placement; and

       (v)    up to 47,862,151 Exercised Shares.

The approval granted by Bursa Securities is subject to, among others, the following conditions:

1.     The Company and Maybank IB must fully comply with the relevant provisions under the Main Market Listing Requirements of Bursa Securities pertaining to the implementation of the Proposed Acquisition, Proposed Rights with Bonus Issue and Warrants and the Proposed Placement;

2.     The Company and Maybank IB to inform Bursa Securities upon the completion of the Proposed Acquisition, Proposed Rights with Bonus Issue and Warrants and the Proposed Placement;

3.     The Company to furnish Bursa Securities with a written confirmation of its compliance with the terms and conditions of Bursa Securities’ approval once the Proposed Acquisition, Proposed Rights with Bonus Issue and Warrants and the Proposed Placement are completed; and

4.     The Company to furnish Bursa Securities on a quarterly basis a summary of the total number of shares listed pursuant to the exercise of Warrants as at the end of each quarter together with a detailed computation of listing fees payable.

This Announcement is dated 11 January 2018.