TLL: Outcome of Voluntary Acquisition Process

On 6 December 2017, Bowker Holdings 99 Limited (formerly Transport Investments Limited) ("Bowker Holdings") and certain other persons (together the "Dominant Owner") gave notice pursuant to Rule 51 of the Takeovers Code that, as a result of completion of TLL's acquisition of the transport and logistics business and assets of Bowker Holdings and the shares in Global Logistics Group Limited (formerly TIL Logistics Group Limited) ("Acquisition") and the allotment of shares in TLL pursuant to a private placement undertaken by TLL in connection with the Acquisition, they became, in aggregate, the holders or controllers of more than 90% of the voting rights in TLL and, accordingly, the dominant owner of TLL. Pursuant to the Takeovers Code, the Dominant Owner gave notice to all outstanding shareholders of TLL on 6 December 2017 that they had the right to sell their shares in TLL to the Dominant Owner. Shareholders had until 11:59 pm on 3 January 2018 to exercise this right and any shares to be acquired by the Dominant Owner were to be acquired by Bowker Holdings or its nominee as nominee of the Dominant Owner. Bowker Holdings has advised TLL that a total of 35 shareholders holding 928 ordinary shares in aggregate exercised their right to sell their shares in TLL to the Dominant Owner with all such shares being acquired by Bowker Holdings. -ENDS- End CA:00312717 For:TLL Type:TRANSACT Time:2018-01-04 17:09:29