The Board of Directors (“Board”) of TDM Berhad (“TDM” or “the Company”) wishes to announce that TDM Plantation Sdn. Bhd. (“TDMP”), a wholly owned subsidiary of TDM had on 29 August 2022 issued two (2) Letter of Awards (“LOA”) to East Cost Fertilizer Sdn. Bhd. (“ECFSB”) in relation to the followings: -

(Collectively referred to as “Transactions”)

In view of the interests of certain Directors and Major Shareholder of the Company in the Transactions as set out in Section 10 of this announcement, the Transactions are deemed to be Recurrent Related Party Transactions (“RRPT”) pursuant to Paragraph 10.09 of the Main Market Listing Requirements (“Listing Requirements”) of Bursa Malaysia Securities Berhad (“Bursa Securities”).

At the 57th Annual General Meeting (“AGM”) of the Company held on 23 June 2022, the Company has obtained a mandate from its Shareholders for the Company and/or its subsidiaries (“TDM Group” or “the Group”) to enter into RRPT with ECFSB and the mandate shall lapse at the conclusion of the next AGM.

ECFSB had on 12 September 2022, submitted the letter of acceptances of the appointment to supply 1,120 MT fertilizer Compound 38 (10/5/20/3+5%Micro) at the price of RM2,680.00 per MT and of 3,880 MT fertilizer Compound 33 (10/5/18+0.5%B2O3) at the price of RM2,545.00 per MT.

(TDMP and ECFSB are referred to individually as the “Party” and collectively as the “Parties”.

Full announcement on the above is attached herein.

This announcement is dated 12 September 2022.