On behalf of the Board of Directors of AFFIN (“Board”), AFFIN Hwang Investment Bank Berhad (“AFFIN Hwang IB”) wishes to announce that AFFIN had on 4 August 2017 submitted an application to Bank Negara Malaysia (“BNM”) to seek BNM’s approval for AFFIN to:

1. acquire 8,411,959 ordinary shares in AXA AFFIN GI (“Shares”) from Felda Marketing Services Sdn Bhd (“FELMA”) for a cash consideration of RM99.09 million; and
2. to enter into a share purchase agreement with FELMA for the Proposed Acquisition (“SPA”).

Further details on the Proposed Acquisition will be announced later upon the execution of the SPA after the approval of BNM has been obtained.

This announcement is dated 4 August 2017.