(Unless otherwise defined, capitalised terms used in this announcement shall have the same meanings as those defined in the Company’s announcements in relation to the MGO dated 24 August 2023, 6 December 2023 and 3 January 2024 (collectively, “Announcements”), the offer document in relation to the MGO dated 27 December 2023 (“Offer Document”), the independent advice circular in relation to the MGO dated 8 January 2024 (“IAC”))

We refer to the Announcements, the Offer Document and the IAC.

In this respect, the Board of Directors of the Company wishes to announce that UMW has received a press notice from CIMB, on behalf of the Offeror, informing that the Offeror has received valid acceptances in respect of the Offer Shares (including such UMW Shares that are already acquired, held or entitled to be acquired or held by the Offeror) which has resulted in the Offeror, Ultimate Offeror and Persons Acting in Concert ("PACs") collectively holding 90.68% of the total issued UMW Shares as at 5.00 p.m. on 10 January 2024 (“Press Notice”).

As stated in the Press Notice, the Offeror, Ultimate Offeror and PACs collectively hold 90% or more of UMW Shares as a result of the MGO. The Offeror and Ultimate Offeror do not intend to maintain the listing status of UMW on the Main Market of Bursa Securities. In view of this, Bursa Securities will suspend the trading of UMW Shares upon the expiry of 5 market days from the Closing Date. Thereafter, the Offeror will procure UMW to take the requisite steps to withdraw its listing status from the Official List in accordance with Paragraph 16.07 of the Listing Requirements.

The level of acceptances of the MGO as at 5.00 p.m. (Malaysian time) as at 10 January 2024 is set out in the attached Press Notice. Please refer to the attached Press Notice for further information.

This announcement is dated 10 January 2024.