MAGMA

0.285

(%)

NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : FUND RAISING MAGMA GROUP BERHAD ("MAGMA" OR "THE COMPANY") - UTILISATION OF PROCEEDS (PRIVATE PLACEMENT)

MAGMA GROUP BERHAD

Type

Announcement

Subject

NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS)
FUND RAISING

Description

MAGMA GROUP BERHAD ("MAGMA" OR "THE COMPANY")
- UTILISATION OF PROCEEDS (PRIVATE PLACEMENT)

References are made to the announcements dated 5 December 2025, 8 December 2025, 18 December 2025, 7 January 2026, 20 February 2026, 27 February 2026, 17 April 2026, 24 April 2026, 27 April 2026, 19 June 2026, 25 June 2026, and 2 July 2026 in relation to the Corporate Exercises and 26 May 2026 and 3 June 2026 in relation to Utilisation of Proceeds ("Announcements"). Unless otherwise defined, the definitions used herein shall have the same meanings as defined in the Announcements.

As at the date hereof, the following Placement shares were issued pursuant to the Private Placement: -

Issuance Date	Issuance Price (RM)	No. of new Magma Shares	Proceeds Raised (RM)
26 February 2026	0.2930	39,252,900	11,501,099
23 April 2026	0.2650	18,868,100	5,000,047
1 July 2026	0.2660	24,439,400	6,500,880
Total		82,560,400	23,002,026

The status update on the utilisation of the proceeds raised from Private Placement is as follows: -

Purpose

Proposed Utilisation as per announcement dated 18 December 2025

(RM)

Actual Utilisation (RM)

Intended Timeframe for Utilisation

Balance as at 14 August 2026 based on the Proceeds Raised (the latest practicable date which is not earlier than 7 days from the date of issuance of Q2 results)

(RM)

Remarks

Payment of property development cost, including contractors, consultants, project preliminaries and marketing expenses

32,000,000

14,806,058

Within 36 months

3,752,294

Investment in Magma's hotel segment

15,000,000

1,800,000

Within 24 months

Working Capital