We refer to the announcements dated 18 October 2022, 19 October 2022 and 27 October 2022 in relation to the 5th DRP ("Announcements").

(Unless otherwise defined, the abbreviations used throughout this announcement are the same as those previously defined in the Announcements.)

On behalf of the Board, Affin Hwang IB wishes to announce that the issue price of the new ABB Shares to be issued pursuant to the 5th DRP has been fixed today ("Price-Fixing Date") at RM1.85 per new ABB Share ("Issue Price").

The Issue Price is fixed based on the 5-day volume weighted average market price ("5-day VWAP") of ABB Shares of RM2.2802 per ABB Share up to and including 14 November 2022, being the last trading day before the Price Fixing Date, after adjusting for the following:

(i) the aggregate Special Dividend and Interim Dividend of RM0.2262 to the 5-day VWAP of ABB Shares ("Ex-Dividend VWAP"). The Ex-Dividend VWAP is RM2.0540 per ABB Share; and

(ii) a discount of RM0.2040, which is approximately 9.93% discount to the Ex-Dividend VWAP of RM2.0540.

On behalf of the Board, Affin Hwang IB also wishes to announce that the books closure date for the Special Dividend and the Interim Dividend has been fixed on 1 December 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 5 December 2022 and the election period for the 5th DRP will close on 19 December 2022.

Barring any unforeseen circumstances, the new ABB Shares arising from the 5th DRP will be listed on the Main Market of Bursa Securities on 30 December 2022.

This announcement is dated 15 November 2022.