We refer to the announcements dated 27 January 2022, 28 January 2022 and 7 February 2022 in relation to the Proposed Private Placement (“Announcements”). Unless otherwise defined, the definitions set out in the Announcements shall apply herein.

On behalf of the Board, TA Securities wishes to announce that Bursa Securities had, vide its letter dated 9 February 2022, resolved to approve the listing of and quotation for up to 293,256,000 Placement Shares to be issued pursuant to the Proposed Private Placement subject to the following conditions:

(a) MUI and TA Securities must fully comply with the relevant provisions under the Main Market Listing Requirements of Bursa Securities (“Listing Requirements”) pertaining to the implementation of the Proposed Private Placement;

(b) MUI and TA Securities are required to inform Bursa Securities upon completion of the Proposed Private Placement;

(c) MUI is required to furnish Bursa Securities with a written confirmation of its compliance with the terms and conditions of Bursa Securities’ approval once the Proposed Private Placement is completed;

(d) TA Securities is required to furnish Bursa Securities with details of the placees as per Paragraph 6.15 of the Listing Requirements for Bursa Securities’ review, prior to the issuance / allotment of the Placement Shares;

(e) TA Securities is required to furnish Bursa Securities with details of the placees in accordance with Paragraph 6.15 of the Listing Requirements as soon as practicable after each tranche of placement and before the listing of the new Shares to be issued pursuant to the Proposed Private Placement; and

(f) MUI is required to provide quarterly updates via Bursa LINK (simultaneous with the submission of quarterly report) on the following:

(i) The status of each of the event or purpose for which the total proceeds raised from the Proposed Private Placement are utilised for, including but not limited to, the percentages of allocated proceeds utilised;

(ii) Where relevant, details on where the balance of proceeds raised is being placed (pending utilisation). If it is parked with asset management company / fund manager, to disclose the name of the asset management company / fund manager; and

(iii) The summary of Placement Shares issued and allotted as follows:

1. Date of price fixing and date of issuance of Placement Shares (each tranche);

2. Quantity of Placement Shares issued and allotted;

3. Issue price and basis of arriving at the issue price (each tranche); and

4. Aggregate number of Placement Shares issued and allotted as at the end of each quarter.

This announcement is dated 10 February 2022.