On behalf of the Board of Directors (“Board”) of TAE, TA Securities Holdings Berhad (“TA Securities”) wishes to announce that the Company is proposing to undertake the following:

(i) proposed acquisition of additional interest in TA Global Berhad (“TAG”) via a proposed conditional voluntary take-over offer (“Proposed VGO”) by TAE to acquire up to 2,119,389,362 ordinary shares in TAG (“Offer Shares”), representing up to 39.83% equity interest in TAG, for a consideration of RM0.28 per Offer Share which shall be satisfied by way of the following:

(a) a cash consideration of RM0.28 for every 1 Offer Share surrendered ("Cash Option"); or

(b) a share exchange based on an exchange ratio of 0.4211 new ordinary share in TAE (“TAE Shares”) to be issued at an issue price of RM0.665 each for every 1 Offer Share surrendered; and

(ii) proposed issuance of up to 550,539,554 new TAE Shares at an issue price of RM0.665 each to be subscribed by Datuk Tiah Thee Kian to fund the Cash Option pursuant to the Proposed VGO.

Accordingly, TA Securities has, on behalf of TAE, served a notice of conditional voluntary take-offer on the Board of TAG today to notify on the Proposed VGO, in accordance with Paragraph 9.10(1)(b)(i) of the Rules on Take-overs, Mergers and Compulsory Acquisitions (“Rules”).

Please refer to the attached announcement for further details on the Proposals and the attached press notice made in accordance with Paragraph 9.10(1)(a) of the Rules for further details on the Proposed VGO.

This announcement is dated 12 February 2020.