(Unless otherwise stated, all abbreviations and definitions used herein shall have the same meaning as those used in the Company's announcement dated 8 August 2019)

Reference is made to the Company's announcement dated 8 August 2019 in relation to the Proposed Acquisition.

On behalf of the Board, Mercury Securities wishes to announce that the valuation reports for the Hospitality Assets under the Proposed Acquisition have been submitted to Bursa Securities pursuant to Paragraph 10.04 of the Listing Requirements today.

This announcement is dated 22 August 2019.