On behalf of the Board of Directors of Vivocom ("Board"), UOB Kay Hian Securities (M) Sdn Bhd ("UOBKH") is pleased to announce that the Company proposes to undertake a renounceable rights issue of up to 3,010,706,070 new ordinary shares in Vivocom ("Vivocom Share(s) or Share(s)") ("Rights Share(s)") on the basis of 2 Rights Shares for every 3 existing Vivocom Shares held together with up to 1,505,353,035 free detachable warrants ("Warrant(s) E") on the basis of 1 Warrant E for every 2 Rights Shares subscribed for, on an entitlement date to be determined and announced later ("Entitlement Date").

Further details on the Proposed Rights Issue with Warrants are set out in the attachment enclosed.

This announcement is dated 22 February 2018.