(Unless otherwise stated, all abbreviations and definitions used herein shall have the same meaning as those used in the Company’s announcement dated 28 March 2019)

Reference is made to the Company’s announcements dated 28 March 2019, 11 April 2019, 3 June 2019, 11 June 2019, 12 June 2019 and 27 June 2019 in relation to the Proposed Disposal.

On behalf of the Board, Mercury Securities wishes to announce that the variance between the Relevant AUM as at the close of business on 27 June 2019 (being the Unconditional Date) and the Reference Value is less than 30% and as such, there shall be no Premium Adjustment to the Provisional Disposal Consideration.

Further, Mercury Securities also wishes to announce that completion of the SPA (“Completion”) has occurred on 8 July 2019 in accordance with the terms of the SPA, and the balance of the Provisional Disposal Consideration of RM45.27 million has been paid by the Purchaser to ECMLFG on even date.

For the avoidance of doubt, the Provisional Disposal Consideration is still subject to the Differential NA Adjustment to be determined and agreed upon by ECMLFG and the Purchaser in accordance with the terms of the SPA.

Following the Completion, Libra Invest ceased to be a subsidiary of ECMLFG.

This announcement is made on 8 July 2019.