Please refer to Appendix I for the locality of the Land and its surroundings.

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1 TA GLOBAL BERHAD ( TA GLOBAL OR COMPANY ) PROPOSED DISPOSAL OF DEVELOPMENT PROPERTY LOCATED IN LITTLE BAY, NEW SOUTH WALES, AUSTRALIA BY TA LITTLE BAY PTY LIMITED ( TALBPL OR OWNER ), A SUBSIDIARY OF TA GLOBAL TO KARIMBLA PROPERTIES (NO. 50) PTY LIMITED ( KPPL OR PURCHASER ), FOR A CASH CONSIDERATION OF AUD245,000,000 (EQUIVALENT TO APPROXIMATELY RM832,191,500) (Unless otherwise specified, the exchange rate of Australian Dollar ( AUD ) 1.00 to RM (AUD1.00 = RM3.3967) (i.e., the middle rate of Bank Negara Malaysia as at 5.00 p.m. on 8 August 2017, being the latest practicable date ( LPD )) prior to this announcement) is used throughout this announcement.) 1. INTRODUCTION On behalf of the Board of Directors of TA Global ( Board ), TA Securities Holdings Berhad ( TA Securities ) wishes to announce that the Owner, a subsidiary of the Company, had on 9 August 2017 entered into a Put and Call Option Deed ( Option Deed ) with KPPL for the proposed disposal of the Property (as defined in Section 2 below) located at Anzac Parade, Little Bay, New South Wales, Australia for a cash consideration of AUD245,000,000 (equivalent to approximately RM832,191,500) ( Proposed Disposal ). 2. DETAILS OF THE PROPOSED DISPOSAL 2.1 Description of Little Bay Cove Project Little Bay Cove is a 135,961.6 square meter (33.6 acre) freehold residential development master plan located towards the southern end of the Eastern Suburbs in the suburb of Little Bay, just south of Malabar in New South Wales, Australia. The site is bound by The Coast Golf Club and Pacific Ocean to the east, Anzac Parade to the west, residential housing to the north and the Prince Henry Estate to the south ( Land ). Please refer to Appendix I for the locality of the Land and its surroundings. The project includes a diverse range of dwellings mix comprising apartments, townhouses, semidetached and free-standing houses within the enclave of parks and recreation areas, pedestrian pathways and viewing lookouts. The centrepiece of this 135,961.6 square meter (33.6 acre) master plan is a picturesque lake and natural waterway, surrounded by parks and a network of connecting landscaped walkways. The Land is owned by TALBPL. In July 2014, the overall Master Planned Residential Estate for the Land was subsequently subdivided into 7 development lots, 10 house lots, park and roads. Out of the 7 development lots, 1 development lot is pending further subdivision into 4 development lots and 18 house lots, park and roads. On completion on the subdivision, the Land will comprise of 10 development lots, 28 housing lots, park and roads. 2.2 Background of Little Bay Cove Project On 27 November 2013, TA Global Development Pty Ltd and TA Antarabangsa Development Ltd entered into an acquisition deed with Charter Hall Group to acquire the following: (a) (b) sole right and interest to develop the Little Bay Cove Project; and all the issued shares in CHOF5 Little Bay Pty Ltd ( LBPL ) which owned the Land, and is the developer of the Little Bay Cove Project. ( Acquisition ) On completion of the Acquisition by the Company in May 2014, the entire Little Bay Cove Project together with the sole right to the development came under the stewardship of the Company and LBPL became a wholly-owned subsidiary of the Company and changed its name to TALBPL. 1

2 As at to date, the Company has been developing/developed/sold the following development/house lots on the Land: (a) House lot 16 measuring square meters (0.107 acres) and house lot 17 measuring square meters (0.144 acres) were sold and duly handed over to the purchasers in October 2014; (b) (c) In August 2015, the Company launched Illume, a development of 179 units of high-end apartments situated on development lot 6 and construction works have commenced in November The Company will continue to develop and deliver Illume to the purchasers estimated by the 1 st quarter of 2019; and In July 2016, the Company completed and handed over to the purchasers a total of 45-units of high-end apartment in Solis which was fully sold. 2.3 Proposed Disposal Pursuant to the Proposed Disposal, the Owner has entered into the Option Deed to dispose the remaining undeveloped Land comprising of 8 development lots and 26 house lots bearing titles development lots 2, 3, 4, 7, 8, 9, 10, 11, 12, 13, 14, 15, 18 *, 19 # and 20 # with a total land area of 98,193.3 square meters (24.26 acres) (collectively referred to as the Property ) to KKPL for the total cash consideration of AUD245,000,000 (equivalent to approximately RM832,191,500) ( Disposal Consideration ). The total number of development lots and house lots are as follows: Development lots Development lots 2, 3, 4, 7 and part of development lot 18* House lots House lots 8, 9, 10, 11, 12, 13, 14, 15 and part of development lot 18* Notes: * Development lot 18 is proposed to be subdivided into the following: Development lots 21, 22, 23 and 24 (total of 4 development lots); (ii) House lots 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35, 36, 37, 38, 39, 40, 41 and 42 (total of 18 house lots); and (iii) Lots 43 and 44 as public reserve area for park and roads, respectively. # Development lots 19 and 20 are public reserve areas and is proposed to be subdivided into development lots 45 and 46 with designated use as a park and roads, respectively. On completion of the Proposed Disposal, the Owner will only own development lot 6 and will continue to develop and hand over the 179 units of apartments on development lot 6 to the purchasers in the 1 st quarter of Pursuant to the Option Deed, the Owner will grant to the Purchaser a call option to purchase the Property ( Call Option ) and the Purchaser will grant to the Owner a put option to require the Purchaser ( Put Option ) to purchase the Property on the terms and conditions as set out in the Option Deed. In consideration that the Proposed Disposal requires the approval of the shareholders of TA Global, the Option Deed will facilitate the relevant conditions precedent to be met before the Purchaser and the Owner can exercise the options to enter into a contract for the sale of the Property ( Contract ). Upon obtaining the approval from the Company s shareholders at an extraordinary general meeting ( EGM ) to be convened for the Proposed Disposal, the Owner and the Purchaser will enter into the Contract. Salient terms and conditions of the Option Deed and the Contract are set out in Sections 2.4 and 2.5 of this announcement respectively. 2

3 2.3.1 Details of the Property The Property is part of the Little Bay Cove residential development. The Property is located at Anzac Parade within 5-15 Cawood Avenue, 1-15 Galaup Street, 2-14 Lapwing Street, 3-17 Lapwing Street, 7-21 Solarch Avenue, 19 Cawood Avenue, 2R Solarch Avenue and Lot 20 Belbowrie Road, Little Bay, New South Wales, Australia. It is situated on the southern outskirts of the Sydney metropolitan area and approximately 12 km to the south of the Sydney central business district. TALPBL is the registered owner of the Property. Development Consent (DA/39/2016) was obtained on 29 June 2016 for development lot 2 of the Property from Randwick City Council for the construction of multi-dwelling housing development with roof terraces, containing 33 dwellings, basement parking for 50 vehicles, at grade parking for 8 vehicles, landscaping and associated works whereby the said consent will expire on 29 June Development Consent (DA/495/2011) was obtained on 5 October 2011 for development lots 3 and 4 from Randwick City Council for the construction of 66 units of 2 and 3 storey terrace dwellings with basement parking for 132 vehicles, landscaping and associated works whereby the said consent has lapsed on 5 October Please refer to Appendix II for further information on the Property and Appendix III for further information on the proposed development on the Property. 2.4 Salient terms and conditions of the Option Deed Agreement to enter into the Option Deed The Owner has agreed to grant the Purchaser a Call Option to purchase the Property and the Purchaser has agreed to grant the Owner a Put Option to require the Purchaser to purchase the Property upon the terms and conditions as set out in the Option Deed. (ii) Under the Call Option, the Purchaser will pay a call option fee of AUD24,500,000 (equivalent to RM83,219,150) ( Call Option Fee ) plus Goods and Services Tax ( GST ) by way of Bank Guarantee to be held by the Owner s solicitors on the date of the Option Deed. In consideration of the Purchaser paying the Owner the Call Option Fee, the Owner will grant the Call Option to the Purchaser subject to the terms as set out in the Option Deed. The Call Option is an irrevocable offer by the Owner to dispose the Property to the Purchaser and does not give rise to a conditional contract for the sale of the Property. (iii) Under the Put Option, the Owner has paid to the Purchaser a put option fee of AUD1.00 (equivalent to RM3.40) ( Put Option Fee ). In consideration of the Owner having paid the Put Option Fee, the Purchaser will grant the Put Option to the Owner subject to the terms as set out in the Option Deed. The Put Option is an irrevocable offer by the Purchaser to purchase the Property from the Owner and does not give rise to a conditional contract for the sale of the Property. (iv) Meriton Properties Pty Ltd ( MPPL ), the holding company of the Purchaser, has agreed to be the guarantor ( Guarantor ) for the Purchaser for the performance of the Purchaser under the Option Deed and the Contract. (v) The Owner has 4 months from the date of the Option Deed to fulfill the condition precedent stated in Section below ( Condition Precedent ) (also known as the Call Option Period ) or 14 days from the fulfillment of the Condition Precedent (whichever is the later) which the Purchaser shall be entitled to exercise the Call Option via a notice ( Call Option Notice ) upon the Owner. (vi) Upon the Call Option Notice being issued by the Purchaser to the Owner, the Contract shall be delivered to the Owner for execution within 5 business day. 3

4 2.4.2 Consideration and payment The Disposal Consideration for the disposal of the Property is AUD245,000,000 excluding GST. (ii) KPPL shall pay to TALBPL the Disposal Consideration in cash within 30 days from the execution of the Contract Condition Precedent The sale of the Property is subject to the compliance with the Main Market Listing Requirements of Bursa Malaysia Securities Berhad ( Bursa Securities ) ( Listing Requirements ) by TA Global and the following: (a) TA Global to announce the notice of EGM no later than 2 months after Bursa Securities / Securities Commission Malaysia s approval of the valuation report; and (b) TA Global shall convene the EGM no later than 21 days after the announcement of notice of EGM. (c) approval of the shareholders of TA Global at an EGM to be convened (ii) If the Condition Precedent are not satisfied on or before the date being 6 months after the date of the Option Deed ( Sunset Date ), the Purchaser may at its sole discretion elect to either: Nomination (a) terminate the Option Deed by giving notice to the Owner at any time before the Condition Precedent are satisfied and the Owner s solicitors shall return the Call Option Fee to the Purchaser within 2 business days of the Purchaser giving such notice; or (b) extend the Sunset Date by a further 12 months ( Extended Sunset Date ) and the Owner shall use best endeavors to satisfy the Condition Precedent before the expiry of the Extended Sunset Date. Under the Option Deed, the Purchaser shall have the right to appoint a nominee to be the purchaser in its place ( Nominee ) subject to the following: (a) the Nominee is a wholly-owned subsidiary of MPPL (the Guarantor); and (b) the nomination notice must be received by the Owner and the Call Option Notice can only be exercised after 5 business days from the nomination notice Event of termination If the Purchaser or the Owner breaches the Option Deed, and fails to remedy the breach within 10 business days of receiving notice regarding the breach or if the breach is incapable of remedy in the opinion of the other party or if an insolvency event occurs, then the other party can terminate the Option Deed and in the event the breach is by: the Purchaser, the Call Option Fee is retained by the Owner; or (ii) the Owner, the Call Option Fee is returned to the Purchaser; or either party may enforce the terms of the Option Deed and seek to recover from the other party any loss or damage incurred in connection with the breach. 4

5 2.5 Indicative salient terms and conditions of the Contract Agreement to enter into the Contract The Purchaser and the Owner may issue a notice to complete to each other to complete the Contract on a specified date. For the avoidance of doubt, the date of completion shall not be less than 10 business days from the date of notice to complete. (ii) Interest will be imposed on either the Purchaser or the Owner at 4% per annum on balance of the total Disposal Consideration should the completion not occur on the date for completion Representations and warranties By the Owner: (a) The Owner shall provide all development consents obtained to the Purchaser. (b) All consultants or contractor services engaged by the Owner for the Property shall be terminated by Owner before completion. (c) The Owner indemnifies the Purchaser for claims made for unpaid services of consultants or contractors engaged by the Owner. (d) The Owner shall continue to develop development lot 6 comprising of 179 units of apartment which is adjacent to the Property. (e) The Owner shall have utilisation of and also share the use of the roads on or around development lot 6 for the purpose of construction traffic and to aid the Owner s construction of development lot 6. (f) Prior to the completion of the Proposed Disposal, the Owner shall remove rubbish, materials, debris, stockpile, site office and any other items from development lots 2 and 3 (whether or not they were on the property as at the date of the Contract) and leave development lots 2 and 3 in a clean condition. (ii) By the Purchaser: Upon completion, the Purchaser releases: (a) the Owner from any claim by the Purchaser; and (b) forever discharges the Owner and will fully and effectively keep the Owner indemnified against any liability which the Owner may suffer or incur; to the extent the claim or liability arises from: (a) the fitness or suitability of the Property for any particular use; (b) any contamination, pollution or hazardous materials at or from the Property; (c) the breach of any environmental protection law; (d) the clean-up of the Property or any other environment in any way affected by contamination, pollution or hazardous materials at or from the Property; (e) the payment of compensation to any third party in respect of or arising from the cleanup of the Property or any other environment in any way affected by contamination, pollution or hazardous materials at or from the Property; or (f) the payment of any fine or penalty in any way arising from any contamination, pollution or hazardous materials at or from the Property that results in any obligation to clean up the Property or any other environment; except for any liability, order or claim by any third party for personal injury due to contamination, pollution or hazardous materials in the Property to the extent: (a) occasioned during the ownership of the Property by the Owner prior to completion of the Proposed Disposal; or (b) caused or contributed to by the Owner prior to completion of the Proposed Disposal. 5

6 2.5.3 Guarantee and indemnity to the Owner The Guarantor acknowledges that, in entering into the Contract, the Owner is acting in reliance on the Guarantor incurring obligations and giving rights. (ii) The Guarantor unconditionally and irrevocably guarantees to the Owner the performance of the Purchaser s obligations, including the obligation to pay money under the Contract. (iii) The Guarantor must pay to the Owner on demand all liability, loss, damage, expense or claims of the Owner in connection with: (a) the Purchaser s failure to comply with any guaranteed obligation under the Contract; (b) an obligation that the Purchaser would otherwise have under the Contract being void, voidable or unenforceable; or (c) a representation or warranty made by the Purchaser in the Contract being incorrect or misleading when made or taken to be made Additional warranties by the Owner All civil and public domain works on the Property are completed in accordance with the Little Bay Stage 1 Development Consent on the completion of the Proposed Disposal. (ii) The Owner will not apply to register the subdivision of development lot 18 or dedicate any roads on the Property prior to completion of the Proposed Disposal. 2.6 Basis and justification of arriving at the Disposal Consideration The Disposal Consideration was derived on a willing-buyer and willing-seller basis after taking into consideration the following: (ii) (iii) The indicative bids received from various prospective purchasers, pursuant to the sale campaign conducted by Jones Lang LaSalle and Knight Frank ( Agents ) in March 2017 via bidding process and subsequent negotiations by the Agents with the prospective purchasers during end April 2017 to current date for the Property; The prevailing transacted market value of properties in the same vicinity provided by the exclusive sale agents of the Owner, various valuation reports conducted on the Land in the past and publicly available general property market reports; and The indicative valuation of the Property which will be not less than AUD190,000,000 (equivalent to approximately RM645,373,000) based on the residual land value approach and direct comparison approach appraised by m3property (NSW) Pty. Ltd ( Valuer ), an independent registered valuer based in Australia appointed by the Owner to conduct an independent valuation on the Property. The valuation report is currently being finalised by the Valuer. 2.7 Expected gain arising from the Proposed Disposal Based on the Disposal Consideration, TA Global and its subsidiaries ( TA Global Group ) are expected to register an indicative gain before tax arising from the Proposed Disposal of AUD million (equivalent to approximately RM million) after taking into consideration the unaudited net book value ( NBV ) of the Property as at 30 June 2017 of approximately AUD million (equivalent to RM million) and estimated incidental costs for the Proposed Disposal. Pursuant to the Proposed Disposal, the net taxable gain arising to the Owner will be subjected to Australian corporate tax at a rate of 30%. As at to date, the estimated Australian tax payable has not been finalised and the Board has appointed a tax agent to finalise the relevant tax estimate. The expected net gain arising from the Proposed Disposal will be disclosed accordingly upon the finalisation of tax computation by the tax agent in the circular to the shareholders of TA Global. 6

7 2.8 Original cost and date of investment The original costs of investment for the Property from October 2010 up to August 2014 were AUD million (equivalent to RM million). 2.9 Liabilities to be assumed by KPPL There are no liabilities, including contingent liabilities and guarantees, to be assumed by KPPL pursuant to the Proposed Disposal Cash Company or Practice Note 17 ( PN17 ) issuer The Proposed Disposal is not expected to result in the Company becoming a Cash Company (as defined under Paragraph 1.01 of the Listing Requirements) or a PN17 issuer. 3. INFORMATION ON THE PURCHASER KPPL was incorporated in Australia on 17 March 2014 under the Corporations Act 2001 as a private company limited by shares. KPPL is principally involved in residential property development. KPPL is a wholly-owned subsidiary of MPPL, the parent company of the Meriton group of companies ( Meriton Group ). Meriton Group is Australia s largest residential apartment developer. Established in 1963, Meriton Group has made a significant impact on the Australian landscape. Meriton Group has designed, developed and built more than 68,000 apartments across the east coast of Australia. Meriton Group offers sales, leasing and property management services, as well as the luxury accommodation brand, Meriton Suites, with more than 17 locations across Australia. As at 9 August 2017, KPPL has an issued share capital of AUD1.00 comprising 1 ordinary share. KPPL has the following directors and substantial shareholder as at 9 August 2017: Direct No. of ordinary shares % Indirect No. of ordinary shares % Directors Harry Oscar Triguboff James Demitrius Sialepis David Cremona Matthew Thomas Shareholder MPPL * Note: * MPPL has a 100% direct equity interest in KPPL. The ultimate shareholder of MPPL is Harry Oscar Triguboff. 7

8 4. UTILISATION OF PROCEEDS The Disposal Consideration of AUD245,000,000 (equivalent to approximately RM832,191,500) will be utilised in the following manner: Expected time frame for the utilisation of Disposal Consideration (from Utilisation purposes Notes (AUD 000) (RM 000) the completion date) Working capital for on-going property development projects (1) 20,000 67,934 Within 24 months Acquisition of properties/ assets/ (2) 100, ,670 Within 24 months businesses Repayment of bank borrowings (3) 120, ,604 Within 6 months Estimated expenses in relation to the (4) 5,000 16,984 Within 2 months Proposed Disposal Total estimated proceeds 245, ,192 Notes: (1) As at the LPD, TA Global Group has several on-going property development projects in Malaysia and Australia. (2) The Company is in the midst of exploring various business expansion opportunities to expand the TA Global Group s principal activities and/or business which are complementary to its existing businesses. (3) As at 31 March 2017, the total bank borrowings of TA Global Group is approximately RM2.59 billion out of which up to RM414.8 million bank borrowings drawn down in Australia and/or Malaysia will be repaid at the average prevailing interest rate of approximately 4.2% per annum, it anticipates an interest saving of approximately AUD5.1 million (RM17.3 million) per annum. In the event, there is taxation incurred pursuant to the Proposed Disposal, certain proceeds allocated for the repayment of bank borrowings will be used to settle the taxation payable by the Owner. (4) The estimated expenses consist of professional fees, property agent commission, fees payable to the relevant authorities (excluding taxes to be paid to the Australian Government pursuant to the Proposed Disposal, which are currently pending finalisation), expenses relating to convening of the EGM and other incidental expenses in connection with the Proposed Disposal (such as the removal of stockpile and site office from the Property). Any variation in the actual amount of the expenses for the Proposed Disposal will be adjusted proportionately to/from the proceeds earmarked for the working capital of the Group. Pending the full utilisation of the Disposal Consideration, the Company intends to place the Disposal Consideration (including accrued interest, if any) or the balance thereof in interest-bearing deposit accounts or in short-term money market instruments with licensed financial institutions. 5. RATIONALE FOR THE PROPOSED DISPOSAL The Proposed Disposal will enable the Group to unlock the value of the Property which is currently pending development at an approximately 29% premium to the indicative valuation appraised by the Valuer with an estimated gain before tax of AUD million (equivalent to approximately RM million) after taking into consideration the unaudited NBV of the Property as at 30 June 2017 of approximately AUD million (equivalent to RM million) and estimated incidental costs for the Proposed Disposal. The Proposed Disposal also provides an avenue for TA Global to raise funds for on-going property development projects, acquisition of properties/assets/businesses and repayment of bank borrowings. 8

9 6. RISK FACTORS The risk factors relating to the Proposed Disposal include but are not limited to the following: Non-completion of the Proposed Disposal The completion of the Proposed Disposal is subject to the fulfilment of the Condition Precedent as set out in Section of this announcement. In the event of non-fulfilment of any of the Condition Precedent within the stipulated period, or any breach of the representations or warranties or failure to perform any covenant or agreement by the parties involved pursuant to the Option Deed and/or Contract, the Proposed Disposal may be delayed or terminated. In addition, should a delay or non-completion of the Proposal Disposal occur, TA Global Group may not realise the benefits that may accrue to it from the proposed utilization of proceeds as disclosed in Section 4 of this announcement. (ii) Contractual risks The Company may be subjected to certain contractual risks such as specific performance as a result of non-fulfilment of its obligations under the Option Deed and/or Contract. Nevertheless, the Company endeavours to ensure full compliance of its obligations stipulated in the Option Deed and the Contract. (iii) Exchange rate risk The cash proceeds from the Proposed Disposal will be in AUD, and therefore, the Group is exposed to fluctuations in foreign exchange. Although the Group may seek to limit these risks by monitoring the exchange rate prior to repatriation of the funds to Malaysia, no assurance can be given that any change in the foreign currency rates will not have an adverse effect on the Group s cash proceeds received in RM. Barring any unforeseen circumstances, there are no other significant risk factors associated with the Proposed Disposal apart from non-completion of the Proposed Disposal, contractual risks and exchange rate risk. The Board has and will continue to use its best endeavours to ensure the completion of the Proposed Disposal and will take all reasonable steps to ensure that the Condition Precedent of the Option Deed and/or Contract are fulfilled in a timely manner, to avoid delays or termination and to facilitate the completion of the Proposal Disposal. 7. EFFECTS OF THE PROPOSED DISPOSAL The effects of the Proposed Disposal are as follows: 7.1 Share capital and substantial shareholders shareholdings The Proposed Disposal will not have any effects on the Company s issued share capital and its substantial shareholders shareholdings in the Company. 7.2 Earnings and earnings per share ( EPS ), Net assets ( NA ) and gearing Based on the Disposal Consideration, the Proposed Disposal is expected to result in gain before tax of AUD million (equivalent to approximately RM million). As the taxation expense has not been finalised at this juncture, the expected net gain as well as the effects on the TA Global Group s EPS, NA and gearing pursuant to the Proposed Disposal will be disclosed accordingly upon the finalisation of the tax computation by the tax agent in the circular to the shareholders of TA Global. 9

10 8. APPROVALS REQUIRED The Proposed Disposal is subject to the following approvals being obtained: (ii) the shareholders of TA Global at an EGM to be convened; and any other relevant authorities/parties, if required. The Proposed Disposal is not conditional upon any other corporate proposals undertaken or to be undertaken by TA Global. 9. HIGHEST PERCENTAGE RATIO Pursuant to Paragraph 10.02(g) of the Listing Requirements, the highest percentage ratio applicable to the Proposed Disposal is 27.60%, based on the latest audited consolidated financial statements of TA Global for the financial year ended 31 December DIRECTORS AND MAJOR SHAREHOLDERS INTERESTS None of the directors and/or major shareholders of TA Global and/or persons connected with them has any interest, direct or indirect, in the Proposed Disposal. 11. DIRECTORS STATEMENT The Board, after having considered all aspects of the Proposed Disposal and after careful deliberation, is of the opinion that the Proposed Disposal is in the best interest of the TA Global Group. 12. ESTIMATED TIME FRAME FOR COMPLETION Barring any unforeseen circumstances and subject to the fulfilment of all the Condition Precedent as set out in Section of this announcement, the Board expects the Proposed Disposal to be completed in the 4 th quarter of ADVISER TA Securities has been appointed as the adviser for the Proposed Disposal. 14. DOCUMENTS AVAILABLE FOR INSPECTION The following documents are available for inspection at the registered office of TA Global at 34 th Floor, Menara TA One, 22 Jalan P. Ramlee, Kuala Lumpur during normal business hours from 8.30 a.m. to 5.30 p.m. from Monday to Friday (excluding public holidays) for a period of 3 months from the date of this announcement: the Option Deed; and (ii) the draft Contract. This announcement is dated 9 August

11 LOCATION OF THE LAND APPENDIX I The locality of the Land and its surroundings are depicted in the following diagram: 11

12 INFORMATION ON THE PROPERTY APPENDIX II Further details of the Property which forms part of the Little Bay Cove Project are as follows: Details Postal address Development lot Cawood Avenue, Little Bay, New South Wales, Australia Development lot Galaup Street, Little Bay, New South Wales, Australia Development lot Lapwing Street, Little Bay, New South Wales, Australia Development lot Lapwing Street, Little Bay, New South Wales, Australia House lots Solarch Avenue, Little Bay, New South Wales, Australia Development lot Cawood Avenue, Little Bay, New South Wales, Australia Development lot 19 2R Solarch Avenue, Little Bay, New South Wales, Australia Development lot 20 Lot 20, Belbowrie Road, Little Bay, New South Wales, Australia Title land area (square meters / acres) Land tenure 5,460 / ,007 / ,008 / ,701 / square meters (0.103 acres) for Lot 8 and 432 square meters (0.107 acres) for each Lot 9-15 (collectively total land area of 3,441.3 square meters (0.850 acres) Freehold 57,750 / ,116 / ,710 /3.388 Category of land use Encumbrance / charge Residential Reserve for public Road Australia and New Zealand Banking Group Limited Existing use Vacant Playground and park Vacant The unaudited NBV for the Property as at 30 June 2017 is AUD million (equivalent to RM million) while the indicative market value is not less than AUD million (equivalent to RM million) as appraised by the Valuer. 12

13 INFORMATION ON THE PROPOSED DEVELOPMENT APPENDIX III To date, no sale has been launched and no construction work has commenced on the development projects on the Property as tabulated below. The details of the proposed development projects are as follows: 1. Development lots 2, 3, 4 and 7 and house lots 8, 9, 10, 11, 12, 13, 14 and 15 Details Development Lot 2 Development Lots 3 and 4 Development Lot 7 House lots 8-15 Type of proposed development^ Proposed construction of multidwelling housing development with roof terraces, containing 33 dwellings, basement parking for 50 vehicles, at grade parking for 8 vehicles, landscaping and associated works Proposed construction of 66 units of 2 and 3 storey terrace dwellings with basement parking for 132 vehicles, landscaping and associated works Proposed development of 76 units of apartment* 8 units of bungalow lots for sale Approvals obtained The license to undertake the construction of the Land as per Court Order (10672 of 2009) was granted by and entered into with the Land and Environment Court of New South Wales on 23 December 2009 and 13 January 2010, respectively. Planning consent The Development Consent (DA/39/2016) was obtained on 29 June 2016 from Randwick City Council and will lapse on 29 June The Development Consent (DA/495/2011) was obtained on 5 October 2011 from the Randwick City Council and has lapsed on 5 October 2016 # The pre-development Approval has been submitted on 6 October 2016 to Randwick City Council and is currently pending approval + Not applicable Planning condition(s) There are no specific conditions imposed other than the normal conditions imposed by Randwick City Council for every other development projects in New South Wales There are no specific conditions imposed other than the normal conditions imposed by Randwick City Council for every other development projects in New South Wales Not applicable as planning consent has not been obtained as at the date of this announcement Not applicable Notes: * Based on the Master Planned Residential Estate, development lot 7 is originally proposed to be 57 units of apartment. However, based on the pre-development Approval which was submitted on 6 October 2016, development lot 7 is proposed to be 76 units of apartment. 13

14 INFORMATION ON THE PROPOSED DEVELOPMENT APPENDIX III Based on the license to undertake the construction of the Land as per Court Order (10672 of 2009) which was granted by and entered into with the Land and Environment Court of New South Wales on 23 December 2009 and 13 January 2010, respectively. The final construction, sales and marketing details of the proposed development project on development lot 2 has not been finalised by the management of TA Global as at to date. # The management of TA Global is exploring and reviewing a design change to the approved development plan which has lapsed and will apply for new planning consent from Randwick City Council when the new revised development plan is finalised. + The pre-development order has been reviewed and commented by Randwick City Council, the final details of the proposed development plan on development lot 7 based on the comments from Randwick City Council are in progress and will be submitted to the Randwick City Council when it is finalised. 2. Development lot 18* Details Type of proposed development Proposed development lot 21 : Proposed development of 73 units of apartments Proposed development lot 22 Proposed development of 18 units of court yard homes Proposed development lot 23 Proposed development of 42 units of apartments Proposed development lot 24 Proposed development of 41 units of apartments Proposed house lots units of bungalow lots for sale Approvals obtained : The license to undertake the construction of the Land as per Court Order (10672 of 2009) was granted by and entered into with the Land and Environment Court of New South Wales on 23 December 2009 and 13 January 2010, respectively. Planning consent : Nil Not applicable Planning conditions : Not applicable as planning consent has not been obtained as at the date of this announcement Not applicable Note: * Development lot 18 is proposed to be subdivided into the following: Development lots 21, 22, 23 and 24; (ii) House lots 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35, 36, 37, 38, 39, 40, 41 and 42; and (iii) Lots 43 and 44 as public reserve area for park and roads, respectively. 14

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