Hibiscus Petroleum : Form of Proxy;

FORM OF PROXY

FOR THE 13TH ANNUAL GENERAL MEETING

No. of Ordinary Shares Held
Hibiscus Petroleum Berhad
CDS Account Number
	Registration Number: 200701040290 (798322-P)

*I/We_ ______________________________________________________________________________________________________________________________________

(Full Name In Block Letters)

NRIC/Passport/Registration/Company No.:______________________________________________________________________________________________________

of __________________________________________________________________________________________________________________________________________

(Full Address)

Mobile No.:__________________________________________________________________________________________________________________________________

Email Address: ______________________________________________________________________________________________________________________________

being a member of HIBISCUS PETROLEUM BERHAD ("HIBISCUS PETROLEUM" or "Company") hereby appoint:

Full Name (In Block Letters)	NRIC/Passport No.	Mobile No.	Proportion of Shareholdings
Full Address		Email Address	No. of Shares	%
and/or (delete as appropriate)
Full Name (In Block Letters)	NRIC/Passport No.	Mobile No.	Proportion of Shareholdings
Full Address		Email Address	No. of Shares	%

or failing him/her, the CHAIR OF THE MEETING as my/our proxy, to vote for me/us on my/our behalf at the 13th Annual General Meeting (AGM) of the Company to be held via the virtual platform at the broadcast venue at Tricor Business Centre, Gemilang Room, Unit 29-01, Level 29, Tower A, Vertical Business Suite, Avenue 3, Bangsar South, No. 8, Jalan Kerinchi, 59200 Kuala Lumpur, Malaysia (Broadcast Venue) on Tuesday, 5 December 2023 at 9.30 a.m. or at any adjournment thereof, whichever is later, on the following resolutions (with or without modifications) referred to in the Notice of the 13th AGM by indicating an "X" in the space provided below:-

Item Agenda

1. To receive the Audited Financial Statements of the Company and the Group for the fiinancial year ended

30 June 2023 together with the Reports of the Directors and Auditors thereon.

	Ordinary Business	Ordinary	For	Against
	Resolution
2.	Payment of a final single-tier dividend of 1.25 sen per ordinary share in respect of the financial year ended 30 June	1
	2023 based on the total number of issued ordinary shares of up to 804,967,497.
3.	To approve the payment of Non-Executive Directors (NEDs)' fees amounting to RM330,000 per annum to the	2
	Chair of the Board and RM180,000 per annum to each NED (save for the Chair of the Board) for the period from
	6 December 2023 until the date of the next AGM in year 2024, to be paid quarterly in arrears.
4.	To approve the payment of NEDs' meeting allowances for the period from 6 December 2023 until the date of the	3
	next AGM in year 2024 at the following rate (as applicable), to be paid quarterly in arrears:

• RM4,500 for each meeting of the Board and of the Board Committees attended by a NED serving as the Chair of the meeting; or
• RM3,500 for each meeting of the Board and of the Board Committees attended by a NED serving as a member of the Board or Board Committee.

5.	To approve payments for additional attendances and time expended by any NED for the Company's purposes	4
	(or on behalf of the Company) at meetings and/or third-party events involving external party(ies) other than those
	referred to under item 4 above, in the NED's capacity as a Director of the Company, for the period from 6 December
	2023 until the date of the next AGM in year 2024, at the rate of RM3,500 per meeting or event, to be paid quarterly
	in arrears.
6.	To approve the payment of the medical coverage benefit, subject to a maximum limit of RM500,000 for the NEDs,	5
	for the period from 6 December 2023 until the date of the next AGM in year 2024.
7.	To re-elect Dr Kenneth Gerard Pereira who is retiring pursuant to Clause 125 of the Constitution of the Company.	6
8.	To re-elect YBhg Dato' Sri Roushan Arumugam who is retiring pursuant to Clause 134 of the Constitution of the	7
	Company.
9.	To re-elect YBhg Dato' Dr Zaha Rina Zahari who is retiring pursuant to Clause 134 of the Constitution of the Company.	8
10.	To re-elect Puan Zaidah binti Ibrahim who is retiring pursuant to Clause 110 of the Constitution of the Company.	9
11.	To re-appoint Messrs PricewaterhouseCoopers PLT as Auditors of the Company for the financial year ending	10
	30 June 2024 and to authorise the Directors to fix their remuneration.
	Special Business	Ordinary	For	Against
	Resolution
12.	Authority for the Directors to allot and issue shares pursuant to Sections 75 and 76 of the Companies Act 2016.	11
13.	Proposed Renewal of Share Buy-Back Authority.	12

Dated this ______ day of _________________2023

Note: Please refer to the Notice of the 13th AGM for full details of the proposed Ordinary Resolutions.

Signature/Common Seal of Shareholder(s)

(Please indicate with an "X" in the spaces provided whether you wish your vote to be cast for or against the Ordinary Resolutions. In the absence of specific directions, your proxy will vote or abstain as he/she thinks fit).

Notes:

1. For purposes of determining a member who shall be entitled to attend and vote at the 13th AGM in accordance with Clauses 72(b) and 72(c) of the Company's Constitution and Section 34(1) of the Securities Industry (Central Depositories) Act, 1991, the Company shall be requesting Bursa Malaysia Depository Sdn Bhd to issue a General Meeting Record of Depositors as at 27 November 2023. Only a Depositor whose name appears on such Record of Depositors shall be entitled to attend, participate, speak and vote via RPV at the 13th AGM as well as for appointment of proxy(ies) to attend, participate, speak and vote on his/her stead.
2. A member of the Company who is entitled to participate at the meeting may appoint up to two (2) proxies to attend and vote at the 13th AGM via RPV. Where a member appoints more than one (1) proxy, the appointments shall be invalid unless he specifies the proportions of his holdings to be represented by each proxy. A proxy appointed to attend and vote at the 13th AGM via RPV shall have the same right as a member to speak at the 13th AGM.
3. A proxy or attorney or a duly authorised representative may, but need not be a member of the Company. There shall be no restriction as to the qualification of the proxy.
4. Where a member is an authorised nominee as defined under the Securities
   Industry (Central Depositories) Act, 1991 which is exempted from compliance with the provisions of subsection 25A(1) of the Securities Industry (Central Depositories) Act, 1991 (Exempt Authorised Nominee) which holds Ordinary
   Shares in the Company for multiple beneficial owners in one (1) securities account (Omnibus Account), there is no limit to the number of proxies which the Exempt Authorised Nominee may appoint in respect of each Omnibus Account it holds. Where the Exempt Authorised Nominee appoints more than one (1) proxy, the proportion of shareholdings to be represented by each proxy must be specified in the instrument appointing the proxies.
5. A member who has appointed a proxy or attorney or authorised representative to attend and vote at the 13th AGM via RPV must request his/her proxy or attorney or authorised representative to register himself/herself for RPV at TIIH Online website athttps://tiih.online. The procedures for RPV can be found in the Administrative Guide for the 13th AGM.
6. Members who wish to appoint a proxy may do so either by using a hard copy form or through electronic means, following the procedure outlined below. The proxy appointment must be deposited with Tricor not less than forty-eight (48) hours before the time appointed for holding the 13th AGM or any adjourned meeting. In the event the member(s) duly executes the Form of Proxy but does not name any proxy, such member(s) shall be deemed to have appointed the Chair of the meeting as his/her proxy, provided always that the rest of the Form of Proxy, other than the particulars of the proxy has been duly completed by the member(s).
   To facilitate the proxy appointment process, kindly follow the guidelines provided below:
7. 1. In hard copy form:
      In the case of an appointment made in hard copy form, the completed Form of Proxy must be deposited with:
   2. 1. Tricor Investor & Issuing House Services Sdn Bhd (Tricor):
         Unit 32-01, Level 32, Tower A, Vertical Business Suite, Avenue 3, Bangsar South, No. 8, Jalan Kerinchi, 59200 Kuala Lumpur, Malaysia.

or alternatively

Tricor's Customer Service Centre at:

Unit G-3, Ground Floor, Vertical Podium,

Avenue 3, Bangsar South, No. 8, Jalan Kerinchi,

59200 Kuala Lumpur, Malaysia.

1. 1. By fax at 03-2783 9222.
2. By electronic means:
   The Form of Proxy can be electronically submitted with Tricor via TIIH Online at https://tiih.online.
   Kindly refer to the Administrative Guide for the 13th AGM on the procedures for the electronic lodgement via TIIH Online.

7. Please ensure ALL the particulars required in the Form of Proxy are completed, signed and dated accordingly.

8. The last date and time for lodging the Form of Proxy is on Sunday, 3 December 2023 at 9.30 a.m.

1. If the Form of Proxy is signed under the hands of an appointor or his attorney duly authorised (or if the appointor is a corporation, the Form of Proxy must be executed under its common seal or under the hands of an officer or attorney duly authorised), it should be accompanied by a statement reading "signed as authorised officer under Authorisation Document which is still in force, no notice of revocation having been received". If the Form of Proxy is signed under the attorney duly appointed under a power of attorney, it should be accompanied by a statement reading "signed under Power of Attorney which is still in force, no notice of revocation having been received". A copy of the Authorisation Document or the Power of Attorney, which should be valid in accordance with the laws of the jurisdiction in which it was created and is exercised, should be enclosed in the Form of Proxy.
2. Any authority pursuant to which such an appointment is made by a power of attorney must be deposited with Tricor or alternatively the Customer Service Centre at the address stated under item (6)(a)(i) not less than forty-eight (48) hours before the time appointed for holding the 13th AGM or adjourned general meeting at which the person named in the appointment proposes to vote. A copy of the power of attorney may be accepted provided that it is certified notarially and/or in accordance with the applicable legal requirements in the relevant jurisdiction in which it is executed.
3. By submitting the duly executed Form of Proxy, the member and his/her proxy(ies) consent to the Company (and/or its agents/service providers) collecting, using and disclosing the personal data therein in accordance with the Personal Data Protection Act 2010 for the purpose of the 13th AGM or any adjournment thereof.
4. Pursuant to Paragraph 8.29A of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, all resolutions set out in the Notice of the 13th AGM will be put to vote by way of poll. Independent scrutineers will be appointed to verify the poll results.

PERSONAL DATA POLICY

By submitting an instrument appointing a proxy(ies) and/or representative(s), the member accepts and agrees to the personal data privacy terms set out in the Notice of the 13th AGM dated 31 October 2023.

affix

postage

stamp

Share Registrar

TRICOR INVESTOR & ISSUING HOUSE SERVICES SDN BHD

Unit 32-01, Level 32, Tower A

Vertical Business Suite, Avenue 3

Bangsar South

No. 8, Jalan Kerinchi

59200 Kuala Lumpur

Malaysia