Unless otherwise stated, all definitions used in this announcement shall have the same meanings as defined in the announcements dated 12 February 2020, 24 February 2020, 28 February 2020, 2 April 2020, 10 April 2020, 6 May 2020, 2 June 2020 24 June 2020, 20 July 2020, 11 August 2020, 12 August 2020, 16 October 2020, 10 November 2020, 13 November 2020 and 30 November 2020.

The Board of TAG wishes to announce that the Company has received the attached press notice from TA Securities, acting on behalf of TAE, that the Offer has closed as at 5.00 p.m. (Malaysian time) on 14 December 2020 (“Closing Date”).

As at 5.00 p.m. (Malaysian time) on the Closing Date, the Offeror has received valid acceptances resulting in the Offeror holding 5,022,460,270 TAG Shares, representing approximately 94.38% of the total TAG Shares in issue.

In accordance with Paragraph 16.02(3) of the Listing Requirements, Bursa Securities will suspend the trading of the securities of TAG commencing 22 December 2020, being the expiry of 5 market days from the Closing Date. As set out in Section 4.1 of the Offer Document, TAE does not intend to maintain the listing status of TAG on the Main Market of Bursa Securities. Accordingly, TAE will procure TAG to take the requisite steps to withdraw its listing status from the Official List of Bursa Securities in accordance with Paragraph 16.07 of the Listing Requirements.

Upon the delisting of TAG from the Official List of Bursa Securities, the TAG Shares will no longer be traded on the Main Market of Bursa Securities. The Holders who did not accept the Offer and continue to hold TAG Shares will hold unlisted TAG Shares and, therefore, will not be able to trade them on Bursa Securities.

In addition, as TAE has received valid acceptances from the shareholders of TAG resulting in the Offeror and persons acting in concert with it holding not less than 9/10 in the value of all the total number of TAG Shares in issue, TAE will issue a notice in the form or manner specified by the SC under Section 223(2) of the CMSA (“Notice”), informing the shareholders of TAG who did not accept the Offer (“Dissenting Shareholders”) that they may exercise their rights under Section 223(1) of the CMSA by serving a notice on the Offeror to require the Offeror to acquire their TAG Shares on the same terms as set out in the Offer Document or such other terms as may be agreed between the Offeror and the Dissenting Shareholders or as the court may, on application made to it by any Dissenting Shareholder or by the Offeror, thinks fit under Section 224(3) of the CMSA. The Notice will be sent to the Dissenting Shareholders within 1 month from 14 December 2020, being the date of receipt of the valid acceptances by TAE resulting in TAE and persons acting in concert with it holding not less than 9/10 in the value of all the total number of TAG Shares.

Please refer to the attachment for further details.

This announcement is dated 14 December 2020.