Company: MAGH
Filing Date: 2025-07-18
Form Type: F-1/A
Source: 0001641172-25-020173
Chunk: 218

Company: Magnitude International Ltd
Filing Date: 2025-07-18
Form: F-1/A
Chunk 218
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166,457 |
| Working capital loan   |     | SGD400,000   |     | October 2028  |     | 7.75% per annum                                                                         |     |  70,271 |     |     309,581 |     |   379,852 |     | 278,566 |
| Insurance premium loan |     | USD169,000   |     | October 2033  |     | 1.5% above USD COF 3 months                                                             |     |  16,919 |     |     209,946 |     |   226,865 |     | 166,372 |
| Insurance Premium loan |     | USD111,999   |     | December 2028 |     | 0.8% per annum above the bank’s prevailing USD Cost of  Funds as determined by the bank |     |       - |     |     150,179 |     |   150,179 |     | 110,134 |
| Working capital loan   |     | SGD600,000   |     | May 2025      |     | 2.25% per annum                                                                         |     | 125,463 |     |      10,104 |     |   135,567 |     |  99,419 |
|                        |     |              |     |               |     |                                                                                         |     | 421,749 |     |     697,695 |     | 1,119,444 |     | 820,948 |

| F-28 |

<div align='center'>MAGNITUDE INTERNATIONAL LTD AND ITS SUBSIDIARIES

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS</div>

| 11. | Borrowings  
 (Continued) |

For the years ended April 30, 2023 and 2024, the effective interest rate of the Group’s bank borrowings ranged from 2.27% to 6.55% and 2.27% to 8.03%, respectively.

At the end of the financial year, the Group’s bank borrowings are secured by:

| (i)  | legal assignment of life insurance policies executed by the  
 Group in respect of the name of the director (Note 5); and   |
| (ii) | guarantees and indemnity for all monies by a director of the 
 Group.                                                       |

Lease liabilities

Group as a lessee

The Group