We refer to the previous announcements made in relation to the Proposed Private Placement ("Announcements"). Unless stated otherwise, abbreviations and definitions used throughout this announcement shall be the same as those in the Announcements.

On behalf of the Board, IPS and Astramina are pleased to announce that the Board has resolved to fix the issue price for the 2nd tranche of the Private Placement at RM0.70 per Placement Share.

The issue price of RM0.70 per Placement Share represents a discount of RM0.0184 or approximately 2.56% to the 5-day volume weighted average price of Sunsuria Shares for the last 5 market days from 26 July 2019 to 2 August 2019 of approximately RM0.7184 per Sunsuria Share.

For information purposes, the issue price of RM0.70 per Placement Share represents a discount of RM0.03 or approximately 4.11% to the closing price of Sunsuria Shares on 2 August 2019 of approximately RM0.73 per Sunsuria Share.

This announcement is dated 5 August 2019.