Reference is made to the announcements made by the Company on 16 October 2018, 15 January 2019 and 6 March 2019 in relation to the restraining order pursuant to Section 368 of the Companies Act 2016 (“Act”) (“Restraining Order”).

On behalf of the Board of Directors of Barakah (“Board”), MIDF Amanah Investment Bank Berhad wishes to announce that the High Court of Malaya at Kuala Lumpur (“Court”) had on 22 April 2019, granted an extension of time to convene the creditor’s meeting for a further 90 days. However, the Court has decided to set aside the Restraining Order.

The Board will continue to engage with the lenders and creditors to achieve an amicable debt settlement proposal. Meanwhile, the Board will also seek all legal avenues to protect Barakah and its subsidiaries (“Barakah Group”) when necessary, while a debt settlement proposal is being negotiated with the Barakah Group's lenders and creditors.

The Board wishes to inform that as at the date of this announcement, none of the Barakah Group’s lenders has called for an event of default on any of the Barakah Group’s financing facilities.

Further development on the above matter will be announced to Bursa Malaysia Securities Berhad in due course.

This announcement is dated 22 April 2019.