The Board of Directors of AFFIN wishes to announce that Affin Hwang IB and its subsidiaries, namely, Affin Hwang Nominees (Tempatan) Sdn Bhd (Company No.: 41117-T), Affin Hwang Nominees (Asing) Sdn Bhd (Company No.: 278474-A), AHC Global Sdn Bhd (formerly known as Classic Uptrend Sdn Bhd) (Company No.: 1190002-D) and AHC Associates Sdn Bhd (formerly known as Sole Delta Sdn Bhd) (Company No.: 1190138-W), had on 25 January 2017 completed the acquisition of 100,000 ordinary shares of RM10 each, of which RM5 is fully paid-up, representing 100% equity interest in ABB Trustee Berhad (“ABBT”) from ABB and the other four shareholders of ABBT shares, for a total cash consideration of approximately RM630,000.00, based on the audited net asset value of ABBT as at 31 December 2015, subject to further adjustments, if any (“Acquisition of ABBT”).

The Acquisition of ABBT does not have any effect on AFFIN’s issued and paid-up share capital and substantial shareholders’ shareholdings. In addition, it is not expected to have any material effect on AFFIN and its subsidiary companies’ earnings, net assets and gearing for the financial year ending 31 December 2016.

None of the Directors of AFFIN, substantial shareholders of AFFIN and/or persons connected to them have any direct or indirect interest in the Acquisition of ABBT.

This announcement is dated 26 January 2017.