• The Bidder and its Associates currently have a relevant interest of 74.84% and have nearly reached 75%
• As soon as the Bidder acquires 75% or more, the Bidder intends to cause TGP to apply to the ASX for removal from the Official List
• TGP Securityholders are encouraged to ACCEPT the Offer and sell their TGP Securities at the Offer Price of $0.31 per TGP Security prior to the close of the Offer

The announcement provides details on the unconditional off-market takeover bid received from TT Investments Pty Limited for all the securities in 360 Capital Group that it (together with its associates) does not currently own at an all cash offer price of $0.31 per stapled security. The 360 Capital Independent Board Committee wishes to inform TGP Securityholders of the correspondence dispatched by TT Investments to TGP Securityholders regarding the Offer. The announcement outlines the bidder's intentions if it acquires more than 75% and less than 90% in a relevant interest at the close of the Offer, including applying for TGP to be removed from the Official List of the ASX. The bidder will also be in a position to determine the outcome of a 'special resolution' at a meeting of TGP securityholders, enabling it greater control, including potentially changing the capital structure of TGP Trust, reviewing the level of co-investment, future dividends and distributions which may be reduced or cancelled in the future. The announcement urges TGP Securityholders to accept the Offer at $0.31 per security, noting that the Independent Directors have unanimously recommended the Offer, in the absence of a superior offer and subject to the Independent Expert continuing to conclude that the Offer is fair and reasonable to TGP Securityholders. The announcement also outlines the risks of not accepting the Offer, including a potential fall in the security price, reduced liquidity, and the possibility of becoming a minority securityholder in a company controlled by the bidder.