BUS CAP BERHAD — Share Issue/Capital Change 2026

May 18, 2026

BUS CAP BERHAD ("BUS CAP" OR THE "COMPANY")

INITIAL PUBLIC OFFERING IN CONJUNCTION WITH THE LISTING OF THE ENTIRE ENLARGED ISSUED ORDINARY SHARES OF BUS CAP ON THE ACE MARKET OF BURSA MALAYSIA SECURITIES BERHAD ("IPO")

(Unless otherwise stated, all defined terms used in this announcement shall have the same meaning as those defined in the Prospectus dated 6 May 2026 issued by Bus Cap in relation to the IPO)

On behalf of the Board, TA Securities Holdings Berhad wishes to announce the following in relation to the IPO:

1. LEVEL OF SUBSCRIPTION OF PUBLIC BALLOTING, ELIGIBLE PERSONS AND PRIVATE PLACEMENT

(i) Malaysian Public balloting

A total of 9,992 applications for 1,404,027,700 Issue Shares were received from the Malaysian Public for 19,169,200 Issue Shares that were made available for application by the Malaysian Public, which represents an overall oversubscription rate of 72.24 times.

For the Bumiputera public portion, a total of 5,142 applications for 648,687,000 Issue Shares were received, which represents an oversubscription rate of 66.68 times.

For the other Malaysian Public portion, a total of 4,850 applications for 755,340,700 Issue Shares were received, which represents an oversubscription rate of 77.81 times.

(ii) Eligible Persons

The 11,501,500 Issue Shares made available for application by the Eligible Persons have been fully subscribed.

(iii) Private placement to Selected Investors

The 76,676,500 Issue Shares and 19,169,200 Offer Shares made available by way of private placement to Selected Investors have been fully placed out.

THE REST OF THIS PAGE IS INTENTIONALLY LEFT BLANK

---

1. BASIS OF ALLOTMENT/ ALLOCATION

The basis of allotment / allocation of the 9,584,600 Issue Shares to 1,085 Bumiputera public applicants is set out below:

Range of shares		Total no. of applications	No. of successful applications	Success rate (%)	No. of Shares to be allotted per application	Total no. of Shares allotted	% over total Shares allotted
From	To
100	900	621	96	15.46	100	9,600	0.10
1,000	1,900	238	40	16.81	1,000	40,000	0.42
2,000	2,900	174	30	17.24	2,000	60,000	0.63
3,000	5,900	322	59	18.32	3,000	177,000	1.85
6,000	10,900	460	90	19.57	4,000	360,000	3.76
11,000	19,900	539	110	20.41	6,000	660,000	6.89
20,000	49,900	1,135	240	21.15	7,000	1,680,000	17.53
50,000	99,900	613	136	22.19	8,000	1,088,000	11.35
100,000	199,900	380	90	23.68	9,000	810,000	8.45
200,000	499,900	293	70	23.89	10,000	700,000	7.30
500,000	999,900	206	51	24.76	20,000	1,020,000	10.64
1,000,000	2,999,900	114	38	33.33	30,000	1,140,000	11.89
3,000,000	4,999,900	24	15	62.50	40,000	600,000	6.26
5,000,000	6,999,900	6	5	83.33	50,000	250,000	2.61
7,000,000	9,999,900	7	6	85.71	60,000	360,000	3.76
10,000,000	Above	10	9	90.00	70,000	630,000	6.57
Total		5,142	1,085			9,584,600	100.00^{(1)}

Note:
(1) Total amount does not add up due to rounding.

THE REST OF THIS PAGE IS INTENTIONALLY LEFT BLANK

---

The basis of allotment / allocation of the 9,584,600 Issue Shares to 1,020 Malaysian Public applicants is set out below:

| Range of shares | | Total no. of
applications | No. of
successful
applications | Success rate
(%) | No. of Shares
to be allotted
per application | Total no. of
Shares allotted | % over total
Shares allotted |
| --- | --- | --- | --- | --- | --- | --- | --- |
| From | To | | | | | | |
| 100 | 900 | 1,031 | 66 | 6.40 | 100 | 6,600 | 0.07 |
| 1,000 | 1,900 | 496 | 38 | 7.66 | 1,000 | 38,000 | 0.40 |
| 2,000 | 2,900 | 313 | 28 | 8.95 | 2,000 | 56,000 | 0.58 |
| 3,000 | 5,900 | 650 | 62 | 9.54 | 3,000 | 186,000 | 1.94 |
| 6,000 | 10,900 | 828 | 90 | 10.87 | 4,000 | 360,000 | 3.76 |
| 11,000 | 19,900 | 749 | 85 | 11.35 | 6,000 | 510,000 | 5.32 |
| 20,000 | 49,900 | 1,703 | 210 | 12.33 | 7,000 | 1,470,000 | 15.34 |
| 50,000 | 99,900 | 980 | 131 | 13.37 | 8,000 | 1,048,000 | 10.93 |
| 100,000 | 199,900 | 777 | 110 | 14.16 | 9,000 | 990,000 | 10.33 |
| 200,000 | 499,900 | 515 | 80 | 15.53 | 10,000 | 800,000 | 8.35 |
| 500,000 | 999,900 | 275 | 46 | 16.73 | 20,000 | 920,000 | 9.60 |
| 1,000,000 | 2,999,900 | 175 | 30 | 17.14 | 30,000 | 900,000 | 9.39 |
| 3,000,000 | 4,999,900 | 26 | 15 | 57.69 | 40,000 | 600,000 | 6.26 |
| 5,000,000 | 6,999,900 | 25 | 15 | 60.00 | 50,000 | 750,000 | 7.83 |
| 7,000,000 | 9,999,900 | 4 | 3 | 75.00 | 60,000 | 180,000 | 1.88 |
| 10,000,000 | Above | 12 | 11 | 91.67 | 70,000 | 770,000 | 8.03 |
| Total | | 8,559 | 1,020 | | | 9,584,600 | 100.00 |

THE REST OF THIS PAGE IS INTENTIONALLY LEFT BLANK

---

4

1. DISTRIBUTION FOR THE PRIVATE PLACEMENT TRANCHES

Pursuant to the private placement to Selected Investors, a total of 95,845,700 Shares (comprising 76,676,500 Issue Shares and 19,169,200 Offer Shares) ("Placement Shares") have been allocated to a total of 30 investors. The distribution of the Placement Shares is set out below:

	Aggregate number of Placement Shares allocated	Aggregate percentage of the total number of Placement Shares allocated (%)	Approximate percentage of shareholding over the enlarged issued share capital of the Company immediately after completion of the IPO(1) (%)
Top placee	18,000,000	18.78	4.70
Top 3 placees	39,700,000	41.42	10.36
Top 5 placees	52,650,000	54.93	13.73
Top 10 placees	70,250,000	73.29	18.32
Top 25 placees	92,880,700	96.91	24.23

Note:
(1) Based on the enlarged issued share capital of the Company of 383,383,000 Shares after the IPO.

1. DISCLOSURE OF PLACEES WHO BECOME SUBSTANTIAL SHAREHOLDERS OF BUS CAP ARISING FROM THE IPO, IF ANY

None.

This announcement is dated 19 May 2026.