Notice Of Bonus Entitlement

BONUS ISSUE OF 240,000,000 NEW ORDINARY SHARES IN STEEL HAWK BERHAD ("STEEL HAWK SHARE(S)" OR "SHARE(S)") ("BONUS SHARE(S)") ON THE BASIS OF 3 BONUS SHARES FOR EVERY 2 EXISTING STEEL HAWK SHARES

Kindly be advised of the following :

1) The above Company’s securities will be traded and quoted “EX-BONUS ISSUE” as from: 07 Mar 2024
2) The last date of lodgment : 08 Mar 2024
3) Retention Money: Where securities are not delivered in time for registration by the seller, then the brokers concerned:-        
          a) Selling Broker to deduct  <3/5>, of Selling Price against the Selling Client
          b) Buying Broker to deduct <60%>, of Purchase Price against the Buying Client
          c) Between Broker and Broker, the deduction of <3/5>, of the Transacted Price is applicable.

Remarks 1: 

Bursa Malaysia Securities Bhd would like to clarify that on the basis of settlement taking place after 08 Mar 2024 with bonus issue of SKHAWK shares, any shareholder who is entitled to receive SKHAWK bonus issue shares, may sell any or all of his SKHAWK shares arising from the bonus issue beginning the Ex-Date (07 Mar 2024).

For example, if Mr X purchases 200 SKHAWK shares on cum basis on 06 Mar 2024, Mr X should receive 200 shares on 08 Mar 2024. As a result of the bonus issue, an additional of 300 SKHAWK shares will be credited into Mr X's CDS account on the night of 08 Mar 2024 being the Book Closing Date. Therefore, Mr X can sell a total of 500 SKHAWK shares on or after the Ex-Date i.e. from 07 Mar 2024 onwards.

Remarks 2: 

The Bonus Shares will be listed and quoted on the LEAP Market of Bursa Malaysia Securities Berhad on 11 March 2024, being the next market day after the entitlement date.

The Share Registrar of Steel Hawk Berhad will issue and despatch the notice of allotment for the Bonus Shares to the entitled shareholders of Steel Hawk Berhad at the address as per the Record of Depositors within 4 market days after the date of listing of and quotation for the Bonus Shares.

Announcement Info