31 July 2025

Dear Valued Client 

We wish to bring your attention to the following general restrictions (the “Restrictions”) under the Direction on Dealings with Specified Person and in Restricted Currency issued by Bank Negara Malaysia (“BNM”) (latest version came into force on 3 January 2022 and is available on BNM’s website):-

(1) No person in Malaysia shall undertake or engage in any dealing or transaction with a Specified Person; and

(2) No person in Malaysia shall undertake or engage with any person in any dealing or transaction using or involving a Restricted Currency.

We wish to highlight that trading and holding securities issued by Specified Person is a form of “dealing” and falls within the scope of the Restrictions unless BNM’s prior approval is obtained.

Specified Person is defined as:-

(a) The State of Israel or its governmental organisation, authority or agency;

(b) A natural person who is a citizen or permanent resident of the State of Israel;

(c) Any person incorporated, established or registered for purposes of incorporation or establishment, in the State of Israel or under its laws including such person’s direct subsidiary or branch outside the State of Israel; or  

(d) Any unincorporated person which is formed in the State of Israel or under its laws or policy. 

Restricted Currency is defined as:-

(a) Currency note or coin which is legal tender in the State of Israel; 

(b) Any right to receive currency note or coin mentioned in subparagraph (a) – 

(i)  In respect of any credit or balance at a licensed onshore bank or any other  similar institution in or outside Malaysia; or 

(ii) From any person in or outside Malaysia; 

(c) Any document, instrument or device which enables a person to obtain currency note or coin mentioned in subparagraph (a) from another person, including but not limited to traveller’s cheque, letter of credit and bank draft; or 

(d) Any electronic or digital representation of currency note or coin mentioned in subparagraph (a).

Guidance:-

To assist you in ascertaining if an entity is a Specified Person, you may perform a search on the internet by keying in the [counter name + International Securities Identification Number (ISIN)]. From the search result, if the ISIN starts with “IL”, then the entity is a Specified Person. As an example:-

However, please note that the above search is not exhaustive as it only covers entities incorporated for purposes of incorporation or establishment in the State of Israel. The Restrictions have a broader coverage based on the definition of “Specified Person”. 

As an illustration, below are classified as securities issued by a Specified Person and you are not allowed to trade and/or hold the securities:-

Nice Ltd

- It is a company incorporated in Israel and listed on Tel Aviv Stock Exchange. Hence trading on Nice Ltd’s shares clearly falls within the scope of the Restrictions. Trading on NICE LTD - SPON ADR, an American Depositary Shares (ADR) representing ordinary shares of NICE Ltd. also falls within the scope of the Restrictions.

Pluri Inc

- It is a company incorporated in Nevada, US and listed on Nasdaq Capital Market. However, it is also registered for business in Israel with its principal office address in Israel. Hence trading on Pluri Inc’s shares falls within the scope of the Restrictions. 

Itacha Energy Plc

- ITHACA ENERGY PLC (ITH) is a company incorporated in the UK. It is listed on London Stock Exchange (ISIN: GB00BPJHV584).

- Delek Group Limited (DLEKG) is a company incorporated in Israel and also listed on Tel Aviv Stock Exchange.

- DLEKG holds 52.22% of shares in ITH, making ITH a direct subsidiary of DLEKG. ITH is therefore a Specified Person and trading on ITH’s shares falls within the scope of the Restrictions.

We wish to inform that you should exercise all reasonable care and diligence to identify if a counter relates to Specified Person. CIMB Private Banking, a division of CIMB Investment Bank Berhad, (“CIMB Private Banking”) reserves the right to reject or request you to reverse the dealing or transaction should any of the dealings or transactions are found to be not compliant with the Restrictions. Please note that CIMB Private Banking is also under an obligation to report any non-compliance to BNM. 

Please be informed that updates to the Restrictions above will also be made available at CIMB Private Banking website at www.cimbprivatebanking.com. Should you have any questions, kindly contact your Private Banker at (Kuala Lumpur) 03-2261 8888, (Penang) 04-2206 066, (Johor Bahru) 07-3408 888, (Kuching) 082-350 088 or (Kota Kinabalu) 088-529 088. 

We thank you for your continuous support.

Yours faithfully

for CIMB INVESTMENT BANK BERHAD

This is a computer-generated letter and does not require a signature.