Pursuant to paragraph 9.19(23) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, the Board of Directors of Titijaya wishes to announce that the Company had on 26 April 2017, acquired the remaining 70% equity interest in Premsdale Development Sdn. Bhd. (Company No. 1121985-U) ("Premsdale Development") by way of acquisition of 175,000 ordinary shares in Premsdale Development (“Sale Shares”) from Muhidin Bin Mohd Shari (“Vendor”) for a total cash consideration of RM175,000.00 (“Acquisition”).

With this Acquisition, Premsdale Development is now a wholly-owned subsidiary of Titijaya.

Please refer to the attachment for additional information.

This announcement is dated 26 April 2017.