(For consistency purposes, the abbreviations and definitions used throughout this announcement shall have the same meanings as those previously defined in the Abridged Prospectus of the Company dated 29 March 2021 in relation to the Rights Issue.)

We refer to the Abridged Prospectus dated 29 March 2021.

On behalf of the Board, TA Securities wishes to announce that pursuant to the close of acceptance, excess applications and payment for the Rights Shares at 5.00 p.m. on 13 April 2021, the Company had received valid acceptances and excess applications for a total of 148,033,599 Rights Shares. This represents an over-subscription of 7.59% over the total number of Rights Shares available for subscription under the Rights Issue.

Details of such valid acceptances and excess applications received are as follows:-

The Excess Rights Shares will be allotted in the following priority:-

(a)        firstly, to minimise the incidence of odd lots;

(b)        secondly, on a pro-rata basis and in board lots, to the Entitled Shareholders who have applied for Excess Rights Shares, taking into consideration their respective shareholdings in the Company as at the Entitlement Date;

(c)        thirdly, on a pro-rata basis and in board lots, to the Entitled Shareholders who have applied for Excess Rights Shares, taking into consideration the quantum of their respective Excess Rights Shares Applications; and

(d)        finally, on a pro-rata basis and in board lots, to the transferee(s) and/or renouncee(s) who have applied for Excess Rights Shares, taking into consideration the quantum of their respective Excess Rights Shares Applications.

The Excess Rights Shares will firstly be allocated to minimise the odd lots (if any) held by each applicant of Excess Rights Shares. Thereafter, the allocation process will perform items (b), (c) and (d) in succession. Any remaining balance of Excess Rights Shares will be allocated by performing the same sequence of allocation i.e. items (b), (c) and (d) again in succession until all Excess Rights Shares are allotted.

Notwithstanding the foregoing, the Board reserves the right to allot any Excess Rights Shares applied for under Part I(B) of the RSF in such manner as it deems fit and expedient and in the best interests of the Company subject always to such allocation being made on a fair and equitable basis, and that the intention of the Board as set out in (a), (b), (c) and (d) above is achieved. The Board also reserves the right to accept any application for Excess Rights Shares, in full or in part.

The Rights Shares are expected to be listed on the Main Market of Bursa Securities on 27 April 2021.

This announcement is dated 20 April 2021.