Magnum Opus Acquisition Reports In 8-K Filing Co On June 1, 2022 Terminates Business Combination Agreement With Forbes. BZ NOTE: This Report Circulated Tuesday, May 31, 2022

As previously reported, on March 28, 2022, Magnum Opus Acquisition Limited, a Cayman Islands exempted company (the “Company”), and Integrated Whale Media Investment Inc., a BVI business company incorporated in the British Virgin Islands (“IWM”), in its capacity as the shareholders’ representative, by mutual consent agreed to extend the termination date under that certain business combination agreement dated as of August 26, 2021 by and among the Company, IWM, Highlander Management LLC, a limited liability company incorporated in the State of Delaware, Forbes Global Holdings Inc., a wholly-owned subsidiary of IWM that is incorporated in the British Virgin Islands, and Forbes Global Media Holdings, Inc., a BVI business company incorporated in the British Virgin Islands (the “Business Combination Agreement”) to May 31, 2022 (the “Termination Date”). Pursuant to the Business Combination Agreement, IWM, in its capacity as the shareholders’ representative, may terminate the Business Combination Agreement at any time prior to the closing of the business combination (the “Closing”) by written notice to the Company if the Closing shall not have occurred by the Termination Date.

On June 1, 2022, IWM, in its capacity as the shareholders’ representative, notified the Company that it was terminating the Business Combination Agreement. All related ancillary agreements entered into in connection with the Business Combination Agreement were also terminated on June 1, 2022. The material terms and conditions of the Business Combination Agreement and the related ancillary agreements were previously disclosed in the Current Reports on Form 8-K filed by the Company with the Securities and Exchange Commission on August 26, 2021 and February 10, 2022 and are incorporated by reference herein.

The Company intends to continue to pursue the consummation of a business combination with an appropriate target.