• IBC unanimously recommends accepting the $0.31 per share all-cash offer
• Independent Expert deems the offer fair and reasonable in the absence of a superior proposal
• Offer is unconditional and allows certainty of cash consideration

360 Capital Group (ASX:TGP) has received an unconditional off-market takeover offer from TT Investments Pty Limited to acquire all TGP securities that it does not already own for $0.31 per share in cash. The 360 Capital Group Independent Board Committee (IBC) has carefully assessed the offer and unanimously recommends that TGP securityholders accept the offer in the absence of a superior proposal. The IBC has appointed an Independent Expert, Grant Thornton Corporate Finance Pty Ltd, who has concluded that the offer is fair and reasonable to TGP securityholders not associated with the bidder. The IBC believes the offer delivers a premium to TGP's historical trading levels, provides certainty of cash consideration, and removes exposure to the risks and uncertainties associated with continued investment in TGP. The offer is unconditional and allows TGP securityholders to realise value for their shares, particularly given the low likelihood of a competing proposal emerging and the potential reduction in TGP's liquidity and free float if the offer is successful. The IBC encourages TGP securityholders to carefully consider the offer, seek independent advice if needed, and accept the offer in the absence of a superior proposal.