RENOUNCEABLE RIGHTS ISSUE OF 229,325,975 NEW REDEEMABLE CONVERTIBLE PREFERENCE SHARES IN PANSAR BERHAD ("PANSAR") ("RCPS") ON THE BASIS OF 1 RCPS FOR EVERY 2 EXISTING ORDINARY SHARES IN PANSAR ("PANSAR SHARE(S)" OR "SHARE(S)") HELD BY THE ENTITLED SHAREHOLDERS AS AT 5.00 P.M. ON MONDAY, 8 MARCH 2021 AT AN ISSUE PRICE OF RM0.53 PER RCPS ("ISSUE PRICE") ("RIGHTS ISSUE")

To be entitled for any of the above, you need to purchase the shares one trading day before the ex-Date. You will not be entitled for the above if you purchase the shares on or after the ex-Date.

On ex-Date, the price will be adjusted to reflect the theoretical market price of the stock after the entitlement. You can sell the shares on / after ex-Date and still be entitled to the corporate exercise. The key is to purchase the shares before ex-Date.

No application is needed. Shareholders that fulfill the requirement above will receive the dividend in their registered bank account on the payment date automatically.