Fraser & Neave Holdings Bhd Annual Report 2021

The following information is provided in compliance with the Main Market Listing Requirements (“MMLR”) of Bursa Malaysia Securities Berhad (“Bursa Securities”): 1. UTILISATION OF PROCEEDS ISLAMIC COMMERCIAL PAPERS #“ICP”$ AND ISLAMIC MEDIUM TERM NOTES #“IMTN”$ PROGRAMMES OF RM3,000,000,000 On 7 May 2021, F&N Capital Sdn Bhd (“the Issuer”), a wholly owned subsidiary of Fraser & Neave Holdings Bhd (“F&NHB” or “the Company”) had established an Islamic Commercial Papers (“ICP”) Programme (“ICP Programme”) and an Islamic Medium Term Notes (“IMTN”) Programme (“IMTN Programme”) both based on the Shariah principle of Murabahah (via a Tawarruq arrangement) with a combined limit of up to RM3,000,000,000 in nominal value and guaranteed by the Company. The ICP Programme has a tenure of seven (7) years from the first issue date whilst the tenure of the IMTN Programme is perpetual. The proceeds from the ICP Programme and the IMTN Programme shall be advanced to companies within the F&NHB Group for Shariah- compliant general corporate purposes of the Group and the refinancing of any existing borrowings/financings/corporate bonds/Sukuk issues and/or future Sukuk issues/Shariah-compliant financings of the Group. The utilisation of proceeds of these programmes shall at all times be for Shariah-compliant purposes. To activate the programmes, the Issuer had on 30 August 2021 issued IMTN of RM1,000,000 with a tenure of one (1) year from the issue date and ICP of RM1,000,000 with a tenure of one (1) month from the issue date. The ICP with profit rate of 2.20% per annum was fully repaid during the financial year. As at 30 September 2021, the outstanding IMTN with profit rate of 2.45% per annum amounted to RM1,000,000. As at 30 September 2021, the unutilised ICP Programme and IMTN Programme available for use amounted to RM2,999,000,000. COMMERCIAL PAPERS #“CP”$ PROGRAMME AND MEDIUM TERM NOTES #“MTN”$ PROGRAMME OF RM1,500,000,000 On 11 June 2021, the Issuer had terminated the MTN Programme, which was expected to expire on 26 September 2028. The CP Programme had expired on 14 October 2020. 2. AUDIT AND NON%AUDIT FEES The respective fees are disclosed in the Audit Committee Report and Audited Financial Statements set out in this Annual Report. Non-audit fees are disclosed in Audit Committee Report. 3. MATERIAL CONTRACTS No material contracts (not being contracts entered into in the ordinary course of business) of the Company and/or its subsidiaries involving the interest of Directors, chief executive or major shareholders were either still subsisting at the end of the Financial Year 2021 or entered into since the end of the Financial Year 2020. Governance 145 Fraser & Neave Holdings Bhd ! Annual Report 2021 Additional Compliance Information