The Board of Directors of TM wishes to announce that TM will be seeking its shareholders’ approval at the forthcoming 35thAnnual General Meeting of the Company for the following:

1. Proposed Renewal of the Shareholders’ Mandate for Recurrent Related Party Transactions of a revenue or trading nature; and
2. Proposed Amendment to the Constitution of the Company (Proposed Amendment to Constitution).

(collectively referred to as the "Proposals")

The Proposed Amendment to Constitution is in relation to the removal of Clause 13 of our Constitution. Clause 13 were incorporated to facilitate the issuance of Class D Non-Convertible Redeemable Preference Shares (NCRPS) on 20 July 2007. The Class D NCRPS were fully redeemed on 26 February 2019.

With the full redemption of the Class D NCRPS, the corresponding Clause 13 of the Constitution is no longer applicable. Hence, it is proposed that Clause 13 be removed to ensure our Constitution is updated and relevant.

A circular containing details of the above Proposals will be despatched to the shareholders of TM in due course.

This announcement is dated 21 February 2020.