INITIAL PUBLIC OFFERING ("IPO") OF UP TO 150,000,000 ORDINARY SHARES ("IPO SHARES") IN WASCO GREENERGY BERHAD ("GREENERGY") IN CONJUNCTION WITH THE LISTING OF AND QUOTATION FOR THE ENTIRE ENLARGED ISSUED SHARE CAPITAL OF GREENERGY ON THE MAIN MARKET OF BURSA MALAYSIA SECURITIES BERHAD COMPRISING AN OFFER FOR SALE OF UP TO 75,000,000 EXISTING ORDINARY SHARES IN GREENERGY AND A PUBLIC ISSUE OF 75,000,000 NEW ORDINARY SHARES IN GREENERGY ("ISSUE SHARES") INVOLVING: (I) INSTITUTIONAL OFFERING OF UP TO 119,500,000 IPO SHARES TO MALAYSIAN INSTITUTIONAL AND SELECTED INVESTORS, INCLUDING BUMIPUTERA INVESTORS APPROVED BY THE MINISTRY OF INVESTMENT, TRADE AND INDUSTRY OF MALAYSIA AT THE INSTITUTIONAL PRICE TO BE DETERMINED BY WAY OF BOOKBUILDING ("INSTITUTIONAL PRICE"); AND (II) RETAIL OFFERING OF 30,500,000 ISSUE SHARES TO THE ELIGIBLE DIRECTORS AND EMPLOYEES OF GREENERGY AND ITS SUBSIDIARIES ("GREENERGY GROUP"), THE ELIGIBLE DIRECTORS AND EMPLOYEES OF WASCO BERHAD, THE ENTITLED SHAREHOLDERS OF WASCO BERHAD, AND THE MALAYSIAN PUBLIC AT THE RETAIL PRICE OF RM1.00 PER ISSUE SHARE ("RETAIL PRICE"), PAYABLE IN FULL UPON APPLICATION AND SUBJECT TO REFUND OF THE DIFFERENCE BETWEEN THE RETAIL PRICE AND THE FINAL RETAIL PRICE (AS DEFINED IN THE PROSPECTUS) IN THE EVENT THAT THE FINAL RETAIL PRICE IS LESS THAN THE RETAIL PRICE, SUBJECT TO THE CLAWBACK AND REALLOCATION PROVISIONS (AS DEFINED IN THE PROSPECTUS). THE FINAL RETAIL PRICE WILL BE EQUAL TO THE LOWER OF THE RETAIL PRICE OR THE INSTITUTIONAL PRICE.