(For consistency purposes, the abbreviations and definitions used throughout this announcement shall have the same meanings as those previously defined in the announcement dated 7 January 2020 in relation to the Proposed Rights Issue with Warrants.)

We refer to the earlier announcement in relation to the Proposed Rights Issue with Warrants dated 7 January 2020.

On behalf of the Board, Mercury Securities wishes to announce that Bursa Securities had, vide its letter dated 20 January 2020, approved the following:-

(i)         admission to the Official List and listing and quotation of up to 748,474,962 Warrants C to be issued pursuant to the Proposed Rights Issue with Warrants;

(ii)         listing and quotation of up to 997,966,616 Rights Shares to be issued pursuant to the Proposed Rights Issue with Warrants; and

(iii)        listing and quotation of up to 748,474,962 new ATS Shares to be issued arising from the exercise of the Warrants C.

The approval by Bursa Securities for the above is subject to the following conditions:-

(i)         ATS and Mercury Securities must fully comply with the relevant provisions under the Listing Requirements pertaining to the implementation of the Proposed Rights Issue with Warrants;

(ii)         ATS and Mercury Securities to inform Bursa Securities upon the completion of the Proposed Rights Issue with Warrants;

(iii)        ATS to furnish Bursa Securities with a written confirmation of its compliance with the terms and conditions of Bursa Securities’ approval once the Proposed Rights Issue with Warrants is completed; and

(iv)        ATS to furnish Bursa Securities on a quarterly basis a summary of the total number of shares listed pursuant to the exercise of the Warrants C as at the end of each quarter together with a detailed computation of listing fees payable.

This announcement is dated 20 January 2020.