BURSA ANNOUNCEMENTS

On behalf of the Board of Directors of TCB and pursuant to Paragraph 9.19(5) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, CIMB Investment Bank Berhad and Hong Leong Investment Bank Berhad wish to announce that the Company has undertaken an internal re-organisation of TCB’s group structure (“Re-organisation”) which entailed the following:

1. the transfer by TCB to Pinggiran Muhibbah Sdn. Bhd. (“PMSB”), a wholly-owned subsidiary of TCB, of 48,000,000 irredeemable preference shares of RM1.00 each in Grand Sepadu (NK) Sdn. Bhd. (“GSNK”) (“GSNK IPS”), representing 62.9% of the total GSNK IPS in issue, for a consideration of RM48,000,000;


2. the transfer by PMSB to TCB, of 5,100 ordinary shares of RM1.00 each in TEI Sdn. Bhd. (“TEI”) (“TEI Shares”), representing 51% of the total TEI Shares in issue and 238,011,902 redeemable preference shares of par value of RM0.001 each and premium of RM0.999 each in TEI (“TEI RPS”), representing 51% of the total TEI RPS in issue for a consideration of RM5,100 and RM238,011,902, respectively; and


3. the subscription by TCB of 45,932,920 new redeemable preference shares of par value of RM0.01 each and premium of RM0.99 each in PMSB, for a consideration of RM45,932,920 which was satisfied by capitalising an equivalent amount owing by PMSB to the Company (after taking into consideration the existing net amount owing by PMSB to the Company as well as item (i) and (ii) above).

Kindly refer to the attached document for the details of the Re-organisation.

This announcement is dated 26 November 2015.