Take-Overs & Mergers (Paragraph/Rule 9.19 (47A))

Unless otherwise stated, all abbreviations used herein shall have the same meaning as defined in the offer document in relation to the Offer dated 23 March 2023 (“Offer Document“).

Reference is made to the Offer Document which sets out the terms and conditions of the Offer, and the press notice dated 11 April 2023 (“Press Notice“) in relation to the Offer.

The Board of Directors of BHB wishes to announce that BHB has received a press notice from UOB Kay Hian Securities (M) Sdn Bhd, on behalf of the Offeror, informing that the Offeror has received acceptances in respect of the Offer Shares, together with such BHB Shares that are already acquired, held or entitled to be acquired or held by the Offeror, which result in the Offeror holding 90.49% of the total voting shares of BHB as at 5.00 p.m. on 17 May 2023.

The Offer will remain open for acceptance until 5.00 p.m. (Malaysian time) on Monday, 22 May 2023 (“First Closing Date“), unless extended by the Offeror beyond the First Closing Date in accordance with the provisions of the Rules.

Please take note that the Offer is conditional upon the Revised BNM Conditions as referred to in the Offer Document and the Press Notice, which must be fulfilled by 5.00 p.m. (Malaysian time) on Monday, 12 June 2023 (being the last day for fulfilment of Revised BNM Conditions), failing which the Offer shall lapse and cease to be capable of further acceptance, and all acceptances received under the Offer must be returned to the Accepting Holders immediately. Where the Offer becomes or is declared unconditional, the Offeror must keep the Offer open for acceptance for not less than 14 days thereafter.

The level of acceptances of the Offer as at 5.00 p.m. (Malaysian time) as at 17 May 2023 is set out in Appendix I of the attached press notice.

Please refer to the attached press notice for further information.

This announcement is dated 17 May 2023.