We refer to the announcements made on 8 April 2019 and 16 July 2019. Unless otherwise defined, terms used in this announcement shall have the same meaning as defined in the announcements made on 8 April 2019 and 16 July 2019.

Pursuant to the terms of the Settlement Agreement (as amended by the Supplemental Settlement Agreement), the Board of Directors of Nylex wishes to announce that:

1. Following the delisting of Utusan on 30 August 2019, the requirement for Utusan to obtain its shareholders’ approval for the transfer of the Trax Property from the Proprietor to Nylex pursuant to Clause 2.1 of the sales & purchase agreement for the Trax Property (“Trax SPA”), has been mutually waived by Nylex and the Proprietor;
2. On 12 September 2019:

          -          The Company and the Proprietor has executed the Trax SPA;

          -          The Proprietor has delivered vacant possession of the Trax Property to Nylex; and

          -          The Trax SPA was completed.

This announcement is dated 13 September 2019.