OCK Group Berhad (?OCK? or the? Issuer?) announced that the company had on 11 September 2023 lodged the required information and relevant documents relating to the Sukuk Murabahah Programme with the Securities Commission Malaysia (?SC?) pursuant to the Guidelines on Unlisted Capital Market Products under the Lodge and Launch Framework issued by the SC on 9 March 2015 and revised on 29 August 2023 (as amended or substituted from time to time) (?LOLA Guidelines?).

Details of the Sukuk Murabahah Programme: Tenure: The Sukuk Murabahah Programme shall have a tenure of thirty (30) years from the date of the first issuance of Sukuk Murabahah under the Sukuk Murabahah Programme. The tenure of each Sukuk Murabahah to be issued shall be at least one (1) year and up to thirty (30) years from the date of the issuance, as the Issuer may elect and agree with the Lead Manager, provided always that the Maturity Date of any of the Sukuk Murabahah shall not fall after the expiry of the Sukuk Murabahah Programme. Availability period of the Sukuk Murabahah Programme: The Sukuk Murabahah shall be available for issuance upon completion of the Transaction Documents and fulfillment of the conditions precedent of the Sukuk Murabahah Programme to the satisfaction of the Lead Arranger (unless otherwise waived or deferred by the Lead Arranger) provided that the first issuance of Sukuk Murabahah under the Sukuk Murabahah Programme shall be made within ninety (90) business days from the date of lodgement of the required information and documents relating to the Sukuk Murabahah Programme with the Securities Commission Malaysia (?SC?).

Option to upsize: The Issuer has the option to upsize the limit of the Sukuk Murabahah Programme from time to time subject to the compliance of the conditions stated under the principal terms and conditions of the Sukuk Murabahah Programme. Utilisation of Proceeds: The proceeds from the Sukuk Murabahah issued under the Sukuk Murabahah Programme shall be utilised for the following Shariah-compliant purposes: (I) to finance the general working capital, capital expenditure, refinancing of existing Shariah-compliant financing and/or conventional borrowings and/or future Shariah-compliant financing and general corporate purposes of the Issuer and its subsidiaries; (II) to defray expenses in relation to the Sukuk Murabahah Programme; and (Ill) to refinance maturing Sukuk Murabahah issued under the Sukuk Murabahah Programme. For the avoidance of doubt, the proceeds from the Sukuk Murabahah Programme shall only be utilised for Shariah-compliant purposes.