(For consistency, the abbreviations used throughout this announcement shall have the same meanings as defined in the announcement dated 14 April 2021 in relation to the Proposed Private Placement, where applicable, unless stated otherwise or defined herein.)

Reference is made to the earlier announcements in relation to the Proposed Private Placement dated 14 April 2021 and 15 April 2021.

On behalf of the Board, Mercury Securities is pleased to announce that Bursa Securities had, vide its letter dated 21 April 2021, approved the listing and quotation of up to 167,157,000 Placement Shares to be issued pursuant to the Proposed Private Placement.

The approval by Bursa Securities for the above is subject to the following conditions:-

(i)         Barakah and Mercury Securities must fully comply with the relevant provisions under the Listing Requirements pertaining to the implementation of the Proposed Private Placement;

(ii)         Barakah and Mercury Securities are required to inform Bursa Securities upon completion of the Proposed Private Placement;

(iii)        Barakah is required to furnish Bursa Securities with a written confirmation of its compliance with the terms and conditions of Bursa Securities’ approval once the Proposed Private Placement is completed; and

(iv)        Mercury Securities is required to furnish Bursa Securities with details of the placees in accordance with paragraph 6.15 of the Listing Requirements as soon as practicable after each tranche of placement and before the listing of the new shares to be issued pursuant to the Proposed Private Placement.

This announcement is dated 21 April 2021.