We refer to our earlier announcements dated 4 June 2020, 4 September 2020, 7 October 2020, 20 November 2020, 30 December 2020, 23 February 2021, 12 April 2021, 5 October 2021 and 27 April 2022 in relation to the Perpetual Sukuk Musharakah Programme.

The Board of Directors ("Board") of Cypark Resources Berhad ("Company") wishes to announce that its wholly-owned subsidiary, Cypark Renewable Energy Sdn. Bhd. ("Issuer") on 12 September 2023 issued the second tranche of the Perpetual Sukuk Musharakah of RM100 million in nominal value on an unsecured basis from the issuance size of up to RM265 million under its Perpetual Sukuk Musharakah Programme ("Tranche 2 Issuance"). The proceeds raised from the Tranche 2 Issuance shall be utilised for working capital, capital expenditure, repayment of existing financing/borrowings, defraying costs and other expenses in relation to the issuance of the Perpetual Sukuk Musharakah Programme.

The Tranche 2 Issuance has been subscribed in full by Jakel Capital Sdn. Bhd. ("Subscriber"), the major shareholder of the Company, premised on market yields that are comparable to the previous issuances of the Perpetual Sukuk Musharakah Programme. The Company also wishes to inform that the Subscriber has also confirmed in writing its interest in subscribing for the remaining balance of RM165 million in nominal value under the Perpetual Sukuk Musharakah Programme on terms similar to those agreed upon for the Tranche 2 Issuance ("Tranche 3 Issuance"). The Company shall make further announcements upon the conclusion of the Tranche 3 Issuance.

RHB Investment Bank Berhad was the Principal Adviser, Lead Arranger and Lead Manager for the Perpetual Sukuk Musharakah Programme and is also the Lead Manager for the Tranche 2 Issuance.

This announcement is dated 12 September 2023.