Unless otherwise stated, all definitions and terms used in this announcement shall have the same meanings as defined in THB’s announcements dated 18 December 2018, 15 February 2019 and 15 March 2019 in relation to the HOA.

The Board of Directors of THB wishes to announce that following the expiry of the further extension (i.e. by 16 April 2019), the HOA has lapsed. The Parties have concluded that it would be in their mutual interest to not extend the term of the HOA as both Parties were unable to come to an agreement on the terms and conditions for the Proposed Acquisition.

Upon the expiry of the further extension, the representation and warranties contained in the HOA becomes null and void and no further effect and neither of the Parties shall have further claims against the other under or in respect of the HOA, save for the clause in relation to confidentiality.

This announcement is dated 16 April 2019.