On behalf of the Board of Directors of the Company ("Board"), Mercury Securities Sdn Bhd ("Mercury Securities") wishes to announce that the Company had on 28 March 2019 entered into a conditional share purchase agreement ("SPA") with Kenanga Investors Berhad ("Purchaser") in relation to the proposed disposal of all shares representing 100% equity interest in Libra Invest Berhad ("Libra Invest") (which as at the date of the SPA comprise 6,500,000 ordinary shares) ("Sale Shares") for a provisional cash consideration of RM50.07 million ("Provisional Disposal Consideration"), subject to adjustments and upon the terms and conditions as set out in the SPA ("Proposed Disposal").

Please refer to the attached document for further details on the Proposed Disposal.

This announcement is dated 28 March 2019.

Attachment(s):- ECMLFG - Proposed Disposal.pdf