(Unless otherwise stated, the words and abbreviations used herein shall have the same meaning as those defined in the Company’s Circular dated 16 January 2018 in relation to, among others, the Rights with Bonus Issue and Warrants)

On behalf of the Board, Maybank IB wishes to announce that the Board has today fixed the following:

(i) the issue price for the Rights Shares at RM1.30 each (“Rights Issue Price”) at an entitlement basis of 1 Rights Share for every 10 existing HEB Shares held as at 5.00 p.m. on 21 February 2018 (“Entitlement Date”); and

(ii) the exercise price for the Warrants at RM1.70 each (“Exercise Price”) at an entitlement basis of 3 Warrants for every 2 Rights Shares subscribed.

The Rights Issue Price of RM1.30 represents a discount of approximately 15.6% to the TEAP of HEB Shares as set out in item (i) below. The Rights Issue Price was determined by the Board after taking into consideration, among others, the following:

(i) the TEAP of HEB Shares of approximately RM1.54 based on the 5-day VWAP of HEB Shares up to and including 2 February 2018, being the last market day prior to the price-fixing date of the Rights with Bonus Issue and Warrants on 5 February 2018 (“Price-fixing Date”), of RM1.64;

(ii) the funding requirements of HEB to part-finance the Proposed Acquisition; and

(iii) the prevailing market conditions which include, among others, market sentiment and volatility of the Malaysian stock market.

The Exercise Price of RM1.70 represents a premium of approximately 10.4% to the TEAP of HEB Shares as set out in item (a) below. The Exercise Price was determined by the Board after taking into consideration, among others, the following:

(a) the TEAP of HEB Shares of approximately RM1.54 based on the 5-day VWAP of HEB Shares up to and including 2 February 2018, being the last market day prior to the Price-fixing Date of RM1.64; and

(b) the funding requirements of the enlarged HEB Group and the expected timing of such requirements over the next five (5) years.

The Company had also on even date executed the deed poll constituting up to 47,862,151 Warrants to be issued pursuant to the Rights with Bonus Issue and Warrants.

This announcement is dated 5 February 2018.