We refer to the announcements dated 26 August 2016, 20 September 2016, 24 February 2017, 10 March 2017, 17 May 2017, 5 June 2017, 6 June 2017 and 7 July 2017 in relation to the Rights Issue of ICPS (“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 TLB had on today, resolved to fix the issue price of ICPS at RM0.165 per ICPS.

The issue price of the ICPS at RM0.165 each is determined and fixed by the Board after taking into consideration the following:

(i)   the 5D-VWAP of TLB Shares up to and including 15 August 2017 of RM1.5321;

(ii)  the conversion ratio and conversion price of the ICPS which have been fixed at either 10 ICPS to be converted into 1 TLB Share or a combination of 1 ICPS and RM1.485 in cash for 1 TLB Share;

(iii) the rationale for the Rights Issue of ICPS, as set out in Section 4.1 of the Circular; and

(iv) the funding requirements of our Group, as detailed in Section 3 of this Circular.

This announcement is dated 16 August 2017.