The Board of Directors of Tropicana wishes to announce that Tropicana intends to seek approval from its shareholders for the proposed renewal of authority for the Company to purchase its own shares of up to ten percent (10%) of the issued share capital of the Company (“Share Buy-Back Authority”) at the Company’s forthcoming 39th Annual General Meeting (“39th AGM”).

The Company had at the 38th Annual General Meeting held on 30 May 2017 obtained the renewal of authority from the Company’s shareholders to purchase its own shares. The Share Buy-Back Authority will lapse at the forthcoming 39th AGM and hence, shareholders' approval for the renewal of the Share Buy-Back Authority will be sought at the forthcoming 39th AGM of the Company.

The Share Buy-Back Statement containing the details of the above proposal will be despatched to the shareholders of the Company in due course.

This announcement is dated 9 April 2018.