On behalf of the Board of Directors of SHIB (“Board”), Kenanga Investment Bank Berhad (“Kenanga IB”) wishes to announce that the Company proposes to undertake the proposed issuance of redeemable convertible medium term notes (“Notes”) with an aggregate principal amount of up to RM150 million ("Proposed Notes Issue").

Please refer to the attachment for further details on the Proposed Notes Issue.

This announcement is dated 14 June 2019.