The Board of Directors of Talam Transform Berhad wishes to announce that G.L. Development Sdn Bhd ("GLSB"), a wholly-owned subsidiary of TTB had on 18 June 2015 entered into two (2) separate sale and purchase agreements with Mohd Ruah Bin Hj Manan (I.C. No. 480701-01-5631) and Perumal Sarvai A/L A. Vellaisamy (I.C. No. 570427-10-5907) to acquire 125,000 ordinary shares of RM1.00 each respectively or a total of 250,000 ordinary shares of RM1.00 each representing 100% of the issued and paid-up share capital of Bay Vista Sdn Bhd ("BVSB") for a total cash consideration of RM2.00 only ("Acquisition"). With the Acquisition, BVSB becomes a wholly-owned subsidiary of GLSB.

BVSB was incorporated in Malaysia on 9 October 1995 and has an authorised share capital of RM500,000 comprising 500,000 ordinary shares of RM1.00 each of which 250,000 ordinary shares of RM1.00 each have been issued and fully paid-up.

The Acquisition is not expected to have any material effect on the earnings or net assets of TTB for the financial year ending 31 January 2016.

None of the directors or major shareholders of the Company and/or persons connected with them has any interest, direct or indirect, in the Acquisition.

This announcement is dated 18 June 2015.