On behalf of the Board of Directors of THHE, Public Investment Bank Berhad (“PIVB”) wishes to announce that the Company proposes to undertake the proposed exemption to Urusharta Jamaah Sdn Bhd under Paragraph 4.08(1)(c) of the Rules on Take-overs, Mergers and Compulsory Acquisitions from the obligation to undertake a mandatory take-over offer on all remaining ordinary shares in THHE (“THHE Shares”) not already held by it upon the issuance of new THHE Shares pursuant to the mandatory conversion of the outstanding Islamic irredeemable convertible preference shares in THHE held by it (“Proposed Exemption”).

Please refer to the attachment for further details on the Proposed Exemption.

This announcement is dated 20 May 2020.