Shares transferred pursuant to the following:-
(i) Distribution of 2,130,349,033 ordinary shares of RM1.00 each in IOIPG (“IOIPG Shares”) held by IOIC to shareholders of IOIC by way of distribution-in-specie on a basis of one (1) IOIPG Share for every three (3) existing ordinary shares of RM0.10 each held in IOIC (“IOIC Shares”); and
(ii) Non-renounceable restricted offer for sale of 1,065,174,516 IOIPG Shares (“Restricted Offer Shares”) to the shareholders of IOIC on a basis of one (1) Restricted Offer Share for every six (6) existing IOIC Shares in conjunction with the listing of IOIPG on the Main Market of Bursa Malaysia Securities Berhad.