Unless otherwise stated, all definitions used in this announcement shall have the same meaning as defined in the announcements dated 14 December 2020, 15 December 2020, 24 December 2020, 28 December 2020, 4 January 2021, 12 January 2021, 14 January 2021, 21 January 2021 and 16 February 2021 in relation to the Offer (“Announcements”).

On 5 March 2021, the Company had received the attached press notice from TA Securities on behalf of the Offeror informing that the Offer has closed at 5.00 p.m. (Malaysian time) on 5 March 2021 (“Closing Date”).

As at 5.00 p.m. (Malaysian time) on the Closing Date, the Offeror has received Valid Acceptances resulting in the Offeror and PACs in TAE holding 2,357,123,887 TAE Shares, representing approximately 94.42% of the total TAE Shares in issue.

As mentioned in the press notice dated 16 February 2021, in accordance with Paragraph 16.02(3) of the Listing Requirements, Bursa Securities will suspend the trading of the securities of TAE commencing 15 March 2021, being the expiry of 5 Market Days from the Closing Date. As set out in Section 4.1 of the Offer Document, the Offeror does not intend to maintain the listing status of TAE on the Main Market of Bursa Securities. Accordingly, the Offeror will procure TAE to take the requisite steps to withdraw its listing status from the Official List in accordance with Paragraph 16.07 of the Listing Requirements.

In addition, as the Offeror has received Valid Acceptances from the shareholders of TAE resulting in the Offeror and persons acting in concert with him holding not less than 9/10 in the value of all the total number of TAE Shares in issue, the Offeror will issue a notice in the form or manner specified by the SC under Section 223(2) of the CMSA (“Notice”), informing the shareholders of TAE who have not accepted the Offer (“Dissenting Shareholders”) that they may exercise their rights under Section 223(1) of the CMSA by serving a notice on the Offeror to require the Offeror to acquire their TAE Shares on the same terms as set out in the Offer Document or such other terms as may be agreed between the Offeror and the Dissenting Shareholders or as the court may, on application made to it by any Dissenting Shareholder or by the Offeror, thinks fit under Section 224(3) of the CMSA.

The Notice will be sent to the Dissenting Shareholders by 15 March 2021, within 1 month the date of receipt of the Valid Acceptances by the Offeror resulting in the Offeror and persons acting in concert with him holding not less than 9/10 in the value of all the total number of TAE Shares.

Please refer to the attachment for further details.

This announcement is dated 5 March 2021.