Asset Acquisitions and Disposals::Proposed Acquisition of Groceries Businesses in Malaysia

MERCURIUS CAPITAL INVESTMENT LIMITED

(Incorporated in Singapore)

(Company Registration No. 198200473E) (the "Company")

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PROPOSED ACQUISITION OF GROCERIES BUSINESSES IN MALAYSIA

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The board of directors (the "Board" or the "Directors") of Mercurius Capital Investment Limited (the "Company", and together with its subsidiaries, the "Group") refers to the Company's announcements dated 9 April 2021, 7 June 2021 and 12 July 2021 in relation to the proposed acquisition of groceries businesses in Malaysia (collectively, the "Announcements"). Unless otherwise defined, all capitalised terms herein shall have the meanings as ascribed to them in the Announcements.

Further to the Announcements, the Board wishes to update Shareholders that, pursuant to the request of the Company, the SPV Shareholders have provided additional financial information relating to the SPV and the groceries businesses of the Targets.

A summary of the income statement derived from the unaudited pro forma condensed combined financial statements of the Target Group for the nine-month period ended 30 September 2021 ("9M2021") are set out below:

Income Statement Summary	9M2021
	(RM'000)
Revenue	166,343
Gross Profit	20,032
Profit before tax	6,607
Profit after tax	5,484

The pro forma financial information above has been prepared based on the assumptions that the Transfers and the acquisition of the entire issued and paid-up share capital of Granville by the SPV were completed on 1 January 2021 (in respect of the profits of the Target Group).

Shareholders and potential investors should exercise caution when trading in the shares of the Company in relation to this announcement as there is no certainty that the Proposed Acquisition will be completed.

Actual future performance, outcome and results may differ materially from those set out in this announcement as a result of any number of risks, uncertainties and assumptions. There can be no assurance that future events will not occur, or that current assumptions are comprehensive. There is no guarantee of future performance and actual results may differ from those set out in this

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announcement as a result of various factors and assumptions, and shareholders and potential investors are cautioned not to place undue reliance on these statements, which are based on the Company's current view of events.

Shareholders and potential investors are advised to read this announcement and any further announcements by the Company carefully, and should consult their stockbrokers, bank managers, solicitors or other professional advisors if they have any doubt about the actions they should take.

The Company will make further announcements where necessary as and when there are any material developments in relation to the Proposed Acquisition.

BY ORDER OF THE BOARD

Chang Wei Lu

Executive Chairman and Chief Executive Officer

8 November 2021

This announcement has been prepared by the Company and reviewed by the Company's sponsor, Novus Corporate Finance Pte. Ltd. (the "Sponsor"), in compliance with Rule 226(2)(b) of the Singapore Exchange Securities Trading Limited (the "SGX-ST") Listing Manual Section B: Rules of Catalist.

This announcement has not been examined or approved by the SGX-ST and the SGX-ST assumes no responsibility for the contents of this announcement including the correctness of any of the statements or opinions made or reports contained in this announcement.

The contact person for the Sponsor is Mr. Pong Chen Yih, Chief Operating Officer, 7 Temasek Boulevard, #18-03B Suntec Tower 1, Singapore 038987, telephone [phone].

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