TANAH MAKMUR BERHAD (“TANAH MAKMUR” OR THE “COMPANY”)

PROPOSED SELECTIVE CAPITAL REDUCTION AND REPAYMENT EXERCISE UNDER SECTION 64 OF THE COMPANIES ACT, 1965 (“ACT”) (“PROPOSED SCR”)

TANAH MAKMUR BERHAD (“TANAH MAKMUR” OR THE “COMPANY”)

PROPOSED SELECTIVE CAPITAL REDUCTION AND REPAYMENT EXERCISE UNDER SECTION 64 OF THE COMPANIES ACT, 1965 (“ACT”) (“PROPOSED SCR”)

We refer to the announcements dated 25 April 2016, 28 April 2016, 31 May 2016, 1 June 2016, 29 June 2016, 24 October 2016, 25 October 2016, 26 October 2016 and 27 October 2016 in relation to the Proposed SCR to be undertaken by Tanah Makmur (“Announcements”). Unless otherwise defined, the terms used herein shall have the same meanings as those defined in the Announcements.

On behalf of the Board, CIMB Investment Bank Berhad wishes to announce that the Non-Interested Shareholders of the Company have unanimously approved the Special Resolution set out in the Notice of Extraordinary General Meeting (“EGM”) dated 27 October 2015 in respect of the Proposed SCR, at the EGM of the Company held today, 18 November 2016.

The Special Resolution tabled at the EGM in respect of the Proposed SCR is required to be approved by at least 50% in number of the Non-Interested Shareholders, and 75% in value to the votes attached to the Shares held by the Non-Interested Shareholders that are cast either in person or by proxy at the EGM; and the value of the votes cast against the Special Resolution is not more than 10% of the votes attaching to all Shares held by the Non-Interested Shareholders of the total voting Shares of Tanah Makmur, pursuant to the Malaysian Code on Take-Overs and Mergers 2010.

The result of the poll for the Special Resolution at the EGM, which was duly validated by the independent scrutineer appointed by the Company i.e. Coopers Professional Scrutineers Sdn Bhd,is as follows:

The application to the High Court of Malaya for an order to confirm the Proposed SCR will be made in due course.

This announcement is dated 18 November 2016.