Reference is made to the announcements dated 4 August 2017, 18 September 2017 and 27 November 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 27 November 2017 where AFFIN and AFFIN Bank Berhad ("AFFIN Bank") (a wholly-owned subsidiary of AFFIN) 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 Felda Marketing Services Sdn Bhd (“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 (being Shares to be acquired which represents 7.07% equity interest in AXA AFFIN GI as approved by BNM on 18 September 2017) and the Proposed Acquisition of Additional Shares.

Further thereto, on behalf of the Board of Directors of AFFIN (“Board”), AFFIN Hwang Investment Bank Berhad wishes to announce that pursuant to Section 90(3)(a) of the Financial Services Act 2013, BNM had, in its letter dated 20 December 2017, approved the application from AFFIN and AFFIN Bank to acquire 5.81% interest in shares in AXA AFFIN GI from FELMA which will result in AFFIN and AFFIN Bank holding 49.95% interest in shares in AXA AFFIN GI.

This announcement is dated 20 December 2017.