THE STRAITS TRADING COMPANY LIMITED

(Incorporated in the Republic of Singapore)

(Company Registration Number: 188700008D)

PROPOSED PRIVATE PLACEMENT OF NEW ORDINARY SHARES IN MALAYSIA SMELTING CORPORATION BERHAD ("MSC SHARES"), REPRESENTING NOT MORE THAN 5% OF THE TOTAL NUMBER OF ISSUED MSC SHARES (EXCLUDING TREASURY SHARES, IF ANY) ("PRIVATE PLACEMENT")

The Board of Directors of The Straits Trading Company Limited (together with its subsidiaries, the "Group") wishes to announce that the Group's subsidiary, Malaysia Smelting Corporation Berhad had, on 30 July 2021, announced (the "Announcement") that 20,000,000 MSC Shares had been issued pursuant to the Private Placement which marked the completion of the Private Placement.

A copy of the Announcement is attached.

By Order of the Board

Ngiam May Ling

Company Secretary

3 August 2021

Singapore

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The Straits Trading Company Limited published this content on 03 August 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 03 August 2021 09:55:26 UTC.