We refer to the earlier announcement dated 3 June 2014, it was announced that a Vesting Order dated 3 June 2014 was obtained in respect of, among others, the transfer of the entire business, including all assets (excluding Merchant Nominees Tempatan Sdn Bhd and Classic Precision Sdn Bhd) and liabilities of AFFIN Investment Bank Berhad to HwangDBS Investment Bank Berhad (“Transfer”).

On behalf of the Board of AFFIN, AFFIN Investment Bank Berhad wishes to announce that a Supplemental Court Order was obtained from the High Court of Malaya at Kuala Lumpur on 13 August 2014, to further exclude AFFIN Fund Management Berhad from the Transfer. Pursuant thereto:

1. the Vesting Order dated 3 June 2014 is supplemented by the Supplemental Court Order dated 13 August 2014;
2. all references to “Excluded AFFIN Companies” in the Vesting Order dated 3 June 2014 shall mean Merchant Nominees (Tempatan) Sdn Bhd, Classic Precision Sdn Bhd and AFFIN Fund Management Berhad; and
3. all references to “Court Order” in the Vesting Order dated 3 June 2014 shall include the Supplemental Court Order dated 13 August 2014.

This announcement is dated 13 August 2014.