Reference is made to Barakah’s announcement dated 19 February 2021.

The Board of Directors of Barakah wishes to inform that the Court Convened Meeting (“CCM”) of PBJV Group Sdn. Bhd. (“PBJV”) was conducted on even date.

The Board of Directors of Barakah further wishes to inform that PBJV’s proposed debt settlement have been agreed by the requisite majority of seventy-five (75) per centum of the respective class of creditors under the proposed debt settlement present and voting either in person or by proxy in the CCM.

PBJV shall be making an application to the Court pursuant to Section 366(3) and (4) of the Companies Act 2016 for the Court’s approval of the approved proposed debt settlement. Upon the granting of the order for approval by the Court, the proposed debt settlement shall be binding on all of the respective creditors under the proposed debt settlement upon the lodgment of an office copy the Court order for the approval with the Registrar of the Companies Commission of Malaysia.

This announcement is dated 5 April 2021.