We are pleased to announce the proposed issue by MCSM of up to 45,000,000 European-style non-collateralised cash settled call warrants over ordinary shares of PCHEM by way of market making.

The PCHEM-C65 is to be listed on the Structured Warrants Board of Bursa Malaysia Securities Berhad.

The PCHEM-C65 is constituted by the Deed Poll dated 26 October 2020. The PCHEM-C65 is subject to the terms and conditions of the Base Prospectus dated 30 October 2020. The obligations of MCSM under PCHEM-C65 are guaranteed by Macquarie Financial Holdings Pty Limited pursuant to the Guarantee Deed Poll dated 26 October 2020.

A summary of the principal terms of PCHEM-C65 is set out in the attachment.

This announcement is dated 17 May 2021.