OPPSTAR BERHAD (“OPPSTAR” OR THE “COMPANY”)

INITIAL PUBLIC OFFERING IN CONJUNCTION WITH THE LISTING OF OPPSTAR ON THE ACE
MARKET OF BURSA MALAYSIA SECURITIES BERHAD

(Unless otherwise stated, the definitions used in this announcement shall carry the same meaning as
those defined in the prospectus issued by Oppstar dated 22 February 2023)

On behalf of the Board of Directors of Oppstar, Affin Hwang Investment Bank Berhad is pleased to
announce the following:

1. LEVEL OF SUBSCRIPTION OF PUBLIC BALLOTING AND PLACEMENT

(i) Malaysian Public Balloting

A total of 39,103 applications for 2,482,854,200 IPO Shares with a value of

RM1,564,198,146 were received from the Malaysian Public for the entire 31,810,000 IPO
Shares made available for application by the Malaysian Public, which represents a total
oversubscription rate of 77.05 times.

15,905,000 IPO Shares have been set aside for allotment under the Bumiputera category
which represents 50.00% of the IPO Shares available for subscription by the Malaysian
Public. The remaining 15,905,000 IPO Shares were allotted under the other Public
category.

Under the Bumiputera category, a total of 17,257 applications for 749,256,100 IPO
Shares were received, which represents an oversubscription rate of 46.11 times. Under
the other Public category, a total of 21,846 applications for 1,733,598,100 IPO Shares
were received, which represents an oversubscription rate of 108.00 times.

(ii) Eligible Persons

The 22,267,000 IPO Shares made available for application by the Eligible Persons have
been fully subscribed.

(iii) Private placement to the Selected Investors

The 31,877,000 IPO Shares made available by way of private placement to Selected
Investors have been fully placed out.

(iv) Private placement to identified Bumiputera investors approved by the MITI

The 79,525,000 IPO Shares made available by way of private placement to identified
Bumiputera Investors approved by the MITI have been fully placed out.

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2. BASIS OF ALLOTMENT/ALLOCATION

Malaysian Public Balloting

(i) Bumiputera Category

The basis of allotment/allocation to 1,527 Bumiputera applicants is set out below:

Range of shares Total no. of No. of shares to

applications No. of successful be allotted per Total no. of % of overall
From To received applications Success rate (%) application shares allotted shares allotted
100 900 701 20 2.85 100 2,000 0.01
1,000 1,900 808 30 3.71 1,000 30,000 0.19
2,000 2,900 630 30 4.76 1,000 30,000 0.19
3,000 5,900 1,872 110 5.88 2,000 220,000 1.38
6,000 10,900 2,475 161 6.51 3,000 483,000 3.04
11,000 19,900 3,053 230 7.53 5,000 1,150,000 7.23
20,000 49,900 3,932 350 8.90 7,000 2,450,000 15.40
50,000 99,900 1,730 170 9.83 9,000 1,530,000 9.62
100,000 199,900 1,158 120 10.36 10,000 1,200,000 7.54
200,000 499,900 599 123 20.53 20,000 2,460,000 15.47
500,000 999,900 200 110 55.00 30,000 3,300,000 20.75
1,000,000 2,999,900 91 65 71.43 40,000 2,600,000 16.35
3,000,000 4,999,900 4 4 100.00 50,000 200,000 1.26
5,000,000 6,999,900 3 3 100.00 60,000 180,000 1.13
7,000,000 Above 1 1 100.00 70,000 70,000 0.44

17,257 1,527 15,905,000 100.00

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(ii) Other Public Category

The basis of allotment/allocation to 1,621 other Malaysian Public applicants is set out below:

Range of shares Total no. of No. of shares to

applications No. of successful be allotted per Total no. of % of overall
From To received applications Success rate (%) application shares allotted shares allotted
100 900 913 10 1.10 100 1,000 0.01
1,000 1,900 1,358 25 1.84 1,000 25,000 0.16
2,000 2,900 1,093 29 2.65 1,000 29,000 0.18
3,000 5,900 3,743 110 2.94 2,000 220,000 1.38
6,000 10,900 5,571 200 3.59 3,000 600,000 3.77
11,000 19,900 5,635 206 3.66 5,000 1,030,000 6.48
20,000 49,900 8,917 360 4.04 7,000 2,520,000 15.84
50,000 99,900 4,578 250 5.46 9,000 2,250,000 14.15
100,000 199,900 3,063 190 6.20 10,000 1,900,000 11.95
200,000 499,900 1,624 115 7.08 20,000 2,300,000 14.46
500,000 999,900 444 51 11.49 30,000 1,530,000 9.62
1,000,000 2,999,900 288 49 17.01 40,000 1,960,000 12.32
3,000,000 4,999,900 33 10 30.30 50,000 500,000 3.14
5,000,000 6,999,900 15 8 53.33 60,000 480,000 3.02
7,000,000 Above 11 8 72.73 70,000 560,000 3.52

37,286 1,621 15,905,000 100.00

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3. DISTRIBUTION FOR PLACEMENT TRANCHE

Pursuant to the private placement to Selected Investors and identified Bumiputera Investors
approved by the MITI, a total of 111,402,000 IPO Shares have been allocated to a total of 626
investors. The distribution of IPO Shares made available for private placement is set out as
below:

Approximate percentage
of shareholding over the
Aggregate enlarged issued share
percentage of the capital of the Company
Aggregate number total number of IPO immediately after
of IPO Shares Shares allocated completion of the IPO
(i)(%) (ii)(%)
allocated
Top placee 31,746,380 28.50% 4.99%
Top 3 placees 51,345,500 46.09% 8.07%
Top 5 placees 58,045,500 52.10% 9.12%
Top 10 placees 72,300,500 64.90% 11.36%
Top 25 placees 87,906,700 78.91% 13.82%

Notes:

(i) Based on 111,402,000 new Shares made available by way of private placement to Selected
Investors and identified Bumiputera Investors approved by the MITI.

(ii) Based on the enlarged total number of 636,200,000 Shares after the IPO.

4. DISCLOSURE OF PLACEES WHO BECOME SUBSTANTIAL SHAREHOLDERS OF

OPPSTAR ARISING FROM THE IPO

There is no placee who has become a substantial shareholder of Oppstar arising from the IPO.

This announcement is dated 7 March 2023.