Further to our announcement dated 20 January 2023 in relation to the public shareholding spread of Berjaya Assets Berhad (“BAssets” or “Company”), the Board of Directors of BAssets wishes to announce that the public shareholding spread of the Company as at 16 February 2023 is 19.64%.

Bursa Malaysia Securities Berhad had, via its letter dated 19 January 2023, granted BAssets an extension of time of six (6) months until 19 June 2023 to comply with the approved public shareholding spread of 20% (“Approved Public Spread”).

The Board of Directors and the Management of BAssets continue to explore options to address the shortfall in the Approved Public Spread.

This Announcement is dated 17 February 2023.