We refer to the announcements dated 26 August 2016, 20 September 2016, 24 February 2017 and 10 March 2017 in relation to the Proposals (“Announcements”). Unless otherwise defined, the definitions set out in the Announcements shall apply herein.

On behalf of the Board, TA Securities wishes to announce that Bursa Securities had, vide its letter dated 17 May 2017, approved the following:

(i)   admission to the Official List for the listing of and quotation for up to 614,999,899 new ICPS; and

(ii)  up to 614,999,899 new TLB Shares to be issued pursuant to the conversion of the ICPS.

The approval by Bursa Securities for the Proposed Rights Issue of ICPS is subject to the following conditions:

(i)   TLB and TA Securities, being the Adviser, must fully comply with the relevant provisions under the Main Market Listing Requirements of Bursa Securities pertaining to the implementation of the Proposed Rights Issue of ICPS;

(ii)  TLB and TA Securities to inform Bursa Securities upon completion of the Proposed Rights Issue of ICPS;

(iii) To incorporate the comments from Bursa Securities in the circular to shareholders;

(iv) TLB to furnish Bursa Securities with a written confirmation of its compliance with the terms and conditions of Bursa Securities’ approval once the Proposed Rights Issue of ICPS is completed;

(v)  TLB to furnish Bursa Securities with a certified true copy of the resolutions passed by the shareholders at extraordinary general meeting approving the Proposed Rights Issue of ICPS; and

(vi) Payment of additional listing fees based on the final issue price of the ICPS together with a copy of the computation of the amount of listing fees payable, if relevant. In this respect, TLB is required to furnish Bursa Securities on a quarterly basis a summary of the total number of shares listed pursuant to the conversion of the ICPS as at the end of each quarter together with a details computation of the listing fees payable.

This announcement is dated 17 May 2017.