Tropicana Corporation Berhad Annual Report 2019

2. Ordinary Resolution 10 – Proposed authority for Directors to issue shares pursuant to Sections 75 and 76 of the Act The general mandate sought by the Company under the proposed Ordinary Resolution 10 is to renew the previous general mandate granted to the Directors at the Fortieth Annual General Meeting held on 25 June 2019 to issue shares pursuant to Sections 75 and 76 of the Act. As at the date of this notice, no new shares in the Company were issued under the previous general mandate, which will lapse at the conclusion of the 41 st Annual General Meeting and hence, no proceeds raised therefrom. The proposed Ordinary Resolution 10, if passed, will empower the Directors of the Company to issue and allot not more than ten per centum (10%) of the Company’s total number of issued shares (excluding treasury shares) for the time being speedily without having to convene a general meeting. This authority, unless revoked or varied by the Company in a general meeting, will expire at the conclusion of the Forty-Second Annual General Meeting (“ 42 nd Annual General Meeting ”) of the Company. Instances for which the Company may issue new shares under this general mandate include but not limited to the purpose(s) of complying with public shareholding spread requirements and raising funds through private placement for purposes of working capital requirement and/or allowing the entry of strategic partners. 3. Ordinary Resolution 11 – Proposed renewal of authority for the Company to purchase its own shares The proposed Ordinary Resolution 11, if passed, will renew the shareholders’ mandate for the Company to purchase and/or hold up to ten per centum (10%) of the total number of issued shares of the Company. This authority, unless revoked or varied by the Company at a general meeting, will expire at the conclusion of the 42 nd Annual General Meeting. Further information on this proposal is set out in the Share Buy-Back Statement dated 30 June 2020. 4. Ordinary Resolution 12 – Proposed renewal of authority to allot and issue ordinary shares in Tropicana for the purpose of Tropicana’s Dividend Reinvestment Scheme (“DRS”) that provides shareholders of Tropicana the option to elect to reinvest their cash dividend entitlements in new ordinary shares in Tropicana The proposed Ordinary Resolution 12, if passed, will empower the Directors of the Company to allot and issue new ordinary shares in the Company in respect of dividends to be declared, if any, under the DRS. This authority, unless revoked or varied by the Company at a general meeting, will expire at the conclusion of the 42 nd Annual General Meeting. Notice of Annual General Meeting Tropicana Corporation Berhad Annual Report 2019 pg 274 About Tropicana Our Strategic Performance Our Leadership