Reference is made to the announcements dated 4 August 2017 and 18 September 2017 in relation to the above (“Announcement”). Unless otherwise defined, all the abbreviations and definitions used in this announcement shall have the same meaning as the words and expressions used in the Announcement.

We refer to the earlier announcement dated 18 September 2017 where BNM had approved an application made by AFFIN and AFFIN Bank Berhad (a wholly-owned subsidiary of AFFIN) (“AFFIN Bank”) to acquire 7.07% equity interest in AXA AFFIN GI, from Felda Marketing Services Sdn Bhd (“FELMA”) (“First Tranche”).

Further thereto, on behalf of the Board of Directors of AFFIN (“Board”), AFFIN Hwang Investment Bank Berhad (“AFFIN Hwang IB”) wishes to announce that AFFIN and AFFIN Bank had on 27 November 2017 submitted an application to Bank Negara Malaysia (“BNM”) to seek BNM’s approval for AFFIN Bank to:

1. acquire an additional 6,913,788 ordinary shares in AXA AFFIN GI (“Shares”) (which represents 5.81% equity interest herein) from FELMA for a cash consideration of RM81.44 million (“Proposed Acquisition of Additional Shares”); and
2. enter into a share purchase agreement with FELMA for all the 15,325,747 Shares to be acquired by AFFIN Bank pursuant to the First Tranche and the Proposed Acquisition of Additional Shares (“SPA”).

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

This announcement is dated 27 November 2017.