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, the press notice dated 11 April 2023 in relation to the Revised BNM Conditions, the press notice dated 18 May 2023 in relation to the Extended Closing Date up to 12 June 2023, the press notice dated 22 May 2023 in relation to the Offer becoming unconditional, and the press notice dated 12 June 2023 in relation to the Closing Date (“Press Notices“).

The Board of Directors of BHB wishes to announce that BHB has received a press notice from UOB Kay Hian Securities (M) Sdn Bhd (“UOBKH“), on behalf of the Offeror, informing that the Offeror had on 16 June 2023 posted the compulsory acquisition notice under subsection 222(1) of the CMSA to all Dissenting Holders (“Compulsory Acquisition Notice“). All the Holders of these Offer Shares will be paid in cash for the Offer Shares compulsorily acquired. The consideration for the Offer Shares under this compulsory acquisition will, subject to subsection 224(1) of the CMSA, be equivalent to the Offer Price and on the same terms set out in the Offer Document.

Subject to the provisions of the CMSA, the Offeror shall be registered as the holder of the remaining Offer Shares not already owned by the Offeror:-

(i) after the expiration of one (1) month from the date of the Compulsory Acquisition Notice; or

(ii) if applicable, after fourteen (14) days from the date of posting of the statement of the names and addresses of all other Dissenting Holders, as shown in the Register of Members and/or Record of Depositors, to the Dissenting Holder, upon his/her request,

whichever is the later.

Please refer to the attached press notice for further information.

This announcement is dated 16 June 2023.