Published: 22 July 2014

Further to the cautionary statement published on the 23rd of June 2014, shareholders are advised that the directors have received an offer from Masawara Mauritius Limited ("Masawara"), a wholly owned subsidiary of Masawara Plc, for Masawara or its affiliates to acquire all the issued ordinary shares in TA Holdings Limited ("the Company") not currently held by companies under the control of Masawara Plc, constituting 58.96% of the ordinary issued share capital of the Company, at a price of US$ 0.206 (twenty point six United States cents) per share through a scheme of arrangement under Section 191 of the Companies Act (Chapter 23:04).

The requisite notice of the scheme of arrangement and the scheme document incorporating an explanatory statement, the fair and reasonable opinion of the independent financial advisor appointed by the independent directors of the Company and the independent directors' opinion and voting recommendations will be sent to the Company's shareholders in due course. The offer is subject to all applicable regulatory approvals being met.

This transaction may have a material impact on the value of the Company's shares and shareholders are advised to continue exercising caution when trading their shares.
- TAHO

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