“Unless otherwise stated, the terms used in this announcement shall carry the same meaning as defined in the Company’s announcement dated 16 August 2019.”

Introduction

Reference is made to HEB’s announcement dated 16 August 2019 in relation to the MOU entered into between HEB, Sapura Secured Technologies Sdn Bhd, Synergy Generated Sdn Bhd and Penor Renewable Energy Sdn Bhd.

Expiry of MOU

HEB hereby announced that it has on 10 January 2020 received a letter dated 6 January 2020 from Suruhanjaya Tenaga Malaysia informing that the proposal submitted by SHS Consortium for the Project was unsuccessful and, in accordance with the terms of the MOU, the MOU automatically expire.

Financial Effects

Suruhanjaya Tenaga Malaysia’s decision not to award the Project to SHS Consortium and the expiry of the MOU are not expected to have any significant impact on the operation and financial of HEB. There will also not be any impact on the share capital and/or shareholding structure of HEB.

This announcement is dated 10 January 2020.