INVESTOR RELATIONS

On behalf of the Board of Directors of Naim, AmInvestment Bank Berhad (“AmInvestment Bank”) wishes to announce that the Company proposes to undertake a renounceable rights issue of up to 355,416,000 new ordinary shares in Naim (“Naim Share(s)” or “Share(s)”) (“Rights Share(s)”) at an issue price of RM0.45 per Rights Share, on the basis of three (3) Rights Shares for every two (2) existing Naim Shares held on an entitlement date to be determined later (“Proposed Rights Issue”).

In conjunction with the Proposed Rights Issue, an application will be submitted to the Securities Commission Malaysia for the grant of an exemption to Datuk Amar Abdul Hamed Bin Haji Sepawi (“Datuk Amar”), Datuk Hasmi Bin Hasnan (“Datuk Hasmi”) and persons acting in concert with them (“PACs”) under Paragraph 4.08 of the Rules on Take-overs, Mergers and Compulsory Acquisitions from the obligation to undertake a mandatory offer for the remaining Naim Shares not already owned by them arising from the subscription by Datuk Amar, Datuk Hasmi and certain PACs for excess Rights Shares pursuant to the irrevocable undertakings detailed in the announcement (“Proposed Exemption”).

(The Proposed Rights Issue and the Proposed Exemption are collectively referred to as the “Proposals”)

Please refer to the attachment for further details of the Proposals.

This announcement is dated 30 August 2018.