We refer to our earlier announcements dated 3 April 2023 and 13 April 2023.

Reference is made to the article published in The Edge Malaysia (the week of January 8 – January 14, 2024), which stated that the Sarawak State Financial Secretary is understood to be close to concluding a memorandum of understanding (MoU) which will lead to a deal to acquire an additional stake in Affin Bank Berhad from Lembaga Tabung Angkatan Tentera (LTAT).

The Sarawak State Financial Secretary owned 4.796% shares of Affin Bank Bhd as at 29 December 2023.

Upon enquiry with LTAT, the major shareholder of the Company, LTAT has informed that they are in discussions with the Sarawak State Financial Secretary for possible transaction of additional shares in ABB. Any transaction that may result from the discussions will be done in accordance with the relevant rules and regulations.

Pursuant to the Companies Act, 2016 and Bursa Malaysia Securities Berhad (Bursa Securities)’s Main Market Listing Requirements, LTAT is obligated to inform ABB of any changes to their shareholding in compliance with the requirements or significant divestment of major shareholders. Similarly, any party who acquires an interest of 5% or more will be required to notify ABB of the same. ABB will make an announcement upon receipt of the notification on any changes in shareholding involving its major shareholders.

This announcement is dated 8 January 2024.