We refer to the announcements dated 28 February 2022, 12 May 2022 and 23 May 2022 in relation to the 4th DRP.

On behalf of the Board, Affin Hwang Investment Bank Berhad (“Affin Hwang IB”) wishes to announce that the issue price of the new ordinary shares in ABB (“ABB Shares”) to be issued pursuant to the 4th DRP has been fixed today (“Price-Fixing Date”) at RM1.84 per new ABB Share after taking into consideration the following:

(a)        5-day volume weighted average market price up to and including 24 May 2022, being the latest trading day prior to the Price-Fixing Date, of RM2.1638 per ABB Share (“5-day VWAP”); and

(b)        an adjustment of RM0.125, being the Final Dividend, to the 5-day VWAP. Consequently, the ex-dividend VWAP is RM2.0388 per ABB Share (“Ex-Dividend VWAP”).

The issue price of the new ABB Shares to be issued represents a discount of RM0.1988 which is approximately 9.75% discount to the Ex-Dividend VWAP.

On behalf of the Board, Affin Hwang IB also wishes to announce that the books closure date for the Final Dividend and the 4th DRP has been fixed on 10 June 2022.

A copy of the Notice of Election (including the Dividend Reinvestment Form) will be despatched to all the entitled shareholders of ABB (save for foreign-addressed shareholders of ABB) on 14 June 2022 and the election period for the 4th DRP will close on 28 June 2022.

Barring any unforeseen circumstances, the new ABB Shares arising from the 4th DRP will be listed on the Main Market of Bursa Malaysia Securities Berhad on 8 July 2022.

This announcement is dated 25 May 2022.