General Announcement::PRIVATE PLACEMENT OF NEW ORDINARY SHARES IN THE COMPANY

Issuer & Securities

Announcement Title: General Announcement
Date &Time of Broadcast: 21-Jul-2021 18:22:56
Status: New
Announcement Sub Title: PRIVATE PLACEMENT OF NEW ORDINARY SHARES IN THE COMPANY
Announcement Reference: SG210721OTHRN72C
Submitted By (Co./ Ind. Name): WONG YOUN KIM
Designation: COMPANY SECRETARY
Description (Please provide a detailed description of the event in the box below): MALAYSIA SMELTING CORPORATION BERHAD ("MSC" OR THE "COMPANY")

PRIVATE PLACEMENT OF NEW ORDINARY SHARES IN MSC ("MSC SHARES") ("PLACEMENT SHARES"), REPRESENTING NOT MORE THAN 5% OF THE TOTAL NUMBER OF ISSUED MSC SHARES (EXCLUDING TREASURY SHARES, IF ANY) ("PRIVATE PLACEMENT")

We refer to the announcements dated 15 July 2021 and 19 July 2021 in relation to the Private Placement ("Announcements"). Unless otherwise defined, the definitions set out in the Announcements shall apply herein.

On behalf of the Board, TA Securities wishes to announce that the Board has on 21 July 2021 ("Price-fixing Date") fixed the issue price for 20,000,000 Placement Shares at RM1.90 per Placement Share ("Issue Price").

The Issue Price represents a discount of RM0.0995 or approximately 5% to the 5D-VWAP of the MSC Shares up to and including 19 July 2021 of RM1.9995 per MSC Share. 19 July 2021 is the last market day immediately preceding the Price-fixing Date.

This announcement is dated 21 July 2021.