Response to Takeover Offer

• 360 Capital Group received a takeover offer from TT Investments
• An Independent Board Committee has been formed to consider the offer
• Securityholders advised to take no action at this time

360 Capital Group (ASX:TGP) has received an announcement from TT Investments and its associates lodging a bidder's statement in respect of an unconditional off-market takeover bid for all the securities in 360 Capital Group that it does not currently own at $0.30 cash per stapled security. TT Investments may also acquire securities on-market at or below the offer price. Given that TT Investments is associated with Tony Pitt, the Executive Chairman of 360 Capital Group, a Board committee of the company's independent directors (the Independent Board Committee or IBC) has been formed to consider the offer. The IBC is chaired by Non-Executive Director and Deputy Chairman David van Aanholt and has retained Clayton Utz as its legal advisors. The IBC advises securityholders to take no action at this time in relation to the offer and TT Investments' bidder's statement. Securityholders will be provided with a Target's Statement in due course, which will include an Independent Expert's Report to assess if the offer is fair and reasonable to securityholders. The IBC will keep securityholders informed of material developments as they occur.