KGB-CW - Notice of Book Closure

ADJUSTMENT TO THE TERMS AND CONDITIONS OF THE EUROPEAN STYLE NON-COLLATERALISED CASH SETTLED CALL WARRANTS OVER ORDINARY SHARES OF KELINGTON GROUP BERHAD ("KGB") ("KGB-CW") IN RELATION TO A SPECIAL INTERIM TAX-EXEMPT DIVIDEND OF 1.5 SEN PER ORDINARY SHARE ("SPECIAL DIVIDEND")

Kindly be advised of the following :

1) The above Company's securities will be traded and quoted "Ex - Adjustment” as from: 09 Jan 2026

2) The last date of lodgment : 12 Jan 2026

Remarks :

In accordance with Part 1 of the Deed Poll dated 22 October 2024, the Exercise Ratio and Exercise Price of KGB-CW will be adjusted as follows:

a. Adjusted Exercise Ratio = E x [(P - D) / P]

b. Adjusted Exercise Price = X x [(P - D) / P]

whereby:

P = Closing price of KGB shares on the last market day on which KGB shares are traded on a cum-entitlement basis

D = RM0.0150, being the Special Dividend per one (1) KGB Share

X = RM5.300, being the existing Exercise Price of KGB-CW immediately prior to the Special Dividend

E = 5.5000, being the existing Exercise Ratio of KGB-CW immediately prior to the Special Dividend

We shall make the announcement on the actual adjustments to KGB-CW on the Last Cum Date (i.e. 8 January 2026).

No adjustment shall be made to the Exercise Ratio or the Exercise Price if the adjustment would amount to less than 2% of the Exercise Ratio or the Exercise Price being changed.