Groupe Hamelin S.A. entered into an agreement to acquire 100% stake in Pelikan Group GmbH, Pelikan Pbs-Produktion Verwaltungs-Gmbh and Pelikan Pbs-Produktionsgesellschaft Mbh & Co. Kg from Molkari Vermietungsgesellschaft mbH & Co. Objekt Falkensee KG, Pelikan Holding AG, and Pelikan International Corporation Berhad for ?136 million on June 30, 2023. As per the terms of the transaction, Groupe Hamelin will acquire stake in Pelikan Group GmbH from Molkari Vermietungsgesellschaft mbH & Co. Objekt Falkensee KG who holds 20.64% stake, Pelikan Holding AG who holds 51.36% stake and Pelikan International Corporation Berhad who holds 28% stake for ?136 million and an assignment of ?15,401,000 debt. Groupe Hamelin S.A will acquire Pelikan Pbs-Produktion Verwaltungs-Gmbh and Pelikan Pbs-Produktionsgesellschaft Mbh & Co. Kg from Pelikan Holding AG for ?1 for each company, and assignment of ?16,382,157.96 debt. As of October 19, 2023, Long Stop Date has been extended from 31 October 2023 to 31 December 2023. As of December 13, 2023, KAF IB wishes to announce that both the Vendors and the Purchaser have confirmed that all the Conditions Precedent under the CSPA have been fulfilled or waived and hence the CSPA has become unconditional.

Certain banks/lenders have, by the issuance of a mandate letter and a commitment letter dated 31 May 2023, confirmed their firm and final agreement to arrange and underwrite the additional acquisition loan in a maximum principal amount of ?100,000,000, to partially finance the Disposal Consideration, and to increase the amount of the revolving credit facility by up to ?20,000,000. Transaction is subject to regulatory approvals, shareholders approvals and other conditions precedents. The long stop date is October 31, 2023. KAF Investment Bank Berhad acted as a financial advisor to Pelikan International Corporation Berhad.