On behalf of DEHB, Maybank Investment Bank Berhad (“Maybank IB”) and United Overseas Bank (Malaysia) Bhd (“UOBM”) are pleased to announce that DEHB has on 22 October 2019 made a lodgement with the Securities Commission Malaysia (“SC”) pursuant to the SC’s Guidelines on Unlisted Capital Market Products under the Lodge and Launch Framework (issued on 9 March 2015, effective on 15 June 2015 and revised on 11 October 2018) in relation to the establishment of the Sukuk Murabahah Programme and the issuance of Sukuk Murabahah under the Sukuk Murabahah Programme thereafter.

The Sukuk Murabahah Programme shall have a tenure of eight (8) years and the first issuance under the programme will be made within sixty (60) business days from the lodgement date. The Sukuk Murabahah Programme will be unrated and is structured based on the Shariah principle of Murabahah (via Tawarruq arrangement).

Proceeds raised from the issuance of Sukuk Murabahah under the Sukuk Murabahah Programme shall be utilised to part finance the settlement sum (which shall include the principal and profit/interest amount due) for certain specified financing facilities of DEHB and its group of companies.

Maybank IB and UOBM are the Joint Principal Advisers and Joint Lead Arrangers for the Sukuk Murabahah Programme.

This announcement is dated 22 October 2019.