We refer to our announcement dated 14 December 2018 in relation to the ESOS.

The Board of Directors of the Company (“Board”) wishes to announce that pursuant to the completion of SEB’s rights issue exercise (“Rights Issue”) on 29 January 2019, the total number of Options that have been granted under the ESOS and their exercise price will be adjusted in accordance with the By-laws governing the ESOS approved by the Shareholders at an Extraordinary General Meeting held on 29 November 2018 (“Adjustment”).

BY-LAWS ADJUSTMENTS TO PREVIOUSLY GRANTED ESOS

In accordance with the By-Laws, as a result of the Rights Issue resulting in an increase in the number of issued ordinary shares of SEB from 5,992,155,087 to 15,979,080,232. The Adjustment will result in an additional 212,565,746 Options being granted to the eligible person(s) of SEB and its non-dormant subsidiaries and the adjusted exercise price of the Options that have been granted being revised to RM0.22. The Adjustment has resulted in 132,853,591 Options being granted to Tan Sri Dato’ Seri Shahril Shamsuddin (“TSS”).

FURTHER ESOS GRANT DUE TO RESULTING ENLARGED NUMBER OF ISSUED ORDINARY SHARES POST RIGHTS ISSUE

Pursuant to the shareholders approval to grant up to 10% of the total number of SEB shares in issue and to grant TSS to subscribe for up to 5% of the total number of SEB shares in issue, the Board has, as a consequence of the enlarged number of issued ordinary shares post the Rights Issue made a further offer of Options to the following eligible person(s) of the Company and its non-dormant subsidiaries, the details of which are as follows:

WEIGHTED AVERAGE PRICE OF ALL OPTIONS GRANTED

Following the further grant of Options above, the weighted average exercise price of the Options would be RM0.30.

Further to the above, the Board wishes to announce that amendments have been made on 8 April 2019 to the by-laws governing the ESOS to facilitate the granting of Options with an exercise price which is at a premium to the five (5)-day weighted average market price of SEB shares immediately preceding the date of offer (“Amendments”). The Amendments are not subject to the approval of shareholders of the Company,

This announcement is dated 12 April 2019.