(Unless otherwise defined, capitalised terms used in this announcement shall have the same meanings as those defined in the Company’s announcement in relation to the Mandatory General Offer ("MGO") dated 24 August 2023 and 6 December 2023 (collectively, “Announcements”), the offer document in relation to the MGO dated 27 December 2023 (“Offer Document”))

We refer to the Announcements and the Offer Document.

In this respect, the Board of Directors of the Company (“Board”) wishes to announce that based on the Record of Depositors of the Company as at 2 January 2024, the public shareholding spread of the Company is 16.40%. Accordingly, the Company does not comply with the minimum public shareholding spread requirement of 25% pursuant to Paragraph 8.02(1) of the Listing Requirements.

Under Section 4.1 of the Offer Document, the Offeror has stated that it does not intend to maintain the listing status of UMW on the Main Market of Bursa Securities. In the event the Offeror receives valid acceptances resulting in the Offeror and its associates either individually or jointly holding in aggregate of 90% or more of UMW Shares (excluding treasury shares), an immediate announcement will be made by UMW after being notified by the Offeror. Upon such announcement, Bursa Securities will suspend the trading in UMW Shares upon the expiry of five (5) market days from the closing date of the MGO. Thereafter, the Offeror will submit a request to UMW to take the necessary procedures to withdraw its listing status from the Official List in accordance with Chapter 16 of the Listing Requirements.

This announcement is dated 3 January 2024.