(For consistency, the abbreviations used throughout this announcement shall have the same meanings as defined in the announcements dated 6 October 2020, 14 December 2020 and 17 March 2021 in relation to the Proposals and Proposed Debt Restructuring, where applicable, unless stated otherwise or defined herein.)

Reference is made to the announcements dated 6 October 2020, 7 October 2020, 9 October 2020, 4 November 2020, 5 November 2020, 19 November 2020, 14 December 2020, 5 January 2021, 29 January 2021, 22 February 2021, 8 March 2021, 17 March 2021, 23 April 2021 and 26 April 2021 in relation to the Proposals and Proposed Debt Restructuring.

On behalf of the Board of Directors of AAX, Mercury Securities wishes to announce that the High Court had on 17 June 2021 granted an extension of the Restraining Order under Section 368 of the Companies Act, 2016 for a period of 9 months from 17 June 2021.

This announcement is dated 17 June 2021.