TRC Synergy Berhad (“the Company”) is pleased to announce that its wholly-owned subsidiary, Trans Resources Corporation Sdn Bhd ("TRC") had on 24 December 2019 accepted the Award from Bank Negara Malaysia, in relation to the contract known as " Mint Modernisation Project for Bank Negara Malaysia at Lot 2, Persiaran Selangor, Seksyen 15, 40704 Selangor Darul Ehsan" for a Contract Sum of RM118,800,000.00 ("the Project").

The Project will not have any effect on the issued and paid-up share capital, substantial shareholders' shareholdings, net assets per share and gearing of the Company and its subsidiaries ("TRC Group").

Barring unforeseen circumstances, the Board is of the opinion that the Project will contribute positively to the earnings and earnings per share of the TRC Group in the future.

None of the Directors of the Company, its substantial shareholders or person connected with Directors and substantial shareholders have any interest in the Project.

The Board, after having considered all aspects of the offer is of the opinion that the Project is in the best interest of TRC Group.

The Letter of Award available for inspection at the registered office of the Company during office hours from Monday to Friday at TRC Business Centre, Jalan Andaman Utama, 68000 Ampang, Selangor Darul Ehsan, Malaysia for a period of three (3) months from the date of this announcement.

This announcement is dated 26 December 2019.