Reference is made to the Company’s announcement dated 28 March 2018 in relation to the Shares Subscription Agreement (“SSA”) entered between Tulus Lagenda Sdn. Bhd. (“TLSB”), a wholly-owned subsidiary of Titijaya and BJ Properties Sdn. Bhd. (“BJPSB”), for the purpose to subscribe up to 9,900,000 new ordinary shares in BJPSB, representing 99% of the enlarged issued share capital of BJPSB at a subscription price of up to RM9,900,000, subject to and upon the terms and conditions of the SSA.

The Board of Directors of Titijaya wishes to announce that TLSB had on 29 March 2018 subscribed for 95,000 new ordinary shares in the enlarged issued share capital of BJPSB, for a total cash consideration of RM95,000.00 (“Subscription”).

That following the Subscription, the Company’s effective interest in BJPSB through TLSB is 48.72%. As a result, BJPSB has become an indirect associate of the Company.

The ordinary shareholders of BJPSB are TLSB with 95,000 Ordinary Shares (48.72%), Lim Soo Huen with 70,000 Ordinary Shares (35.90%) and Lim Soo Seong with 30,000 (15.38%).

Other than the issued ordinary share capital, the Company has an issued preference share capital of RM10,000.00 comprising 10,000 preference shares held by Lim Soo Huen.

The Subscription will have no material effect on the earnings per share, net assets per share, gearing, share capital and the substantial shareholders’ shareholdings of Titijaya.

None of the Directors and/or major shareholders of Titijaya and/or persons connected to them has any interests, direct or indirect in the above Subscription.

This announcement is dated 29 March 2018.