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We refer to our earlier announcements dated 31 July 2007, 29 August 2007 and 11 September 2007 in relation to the above.

On behalf of the Board of Directors of AHB ("Board"), AFFIN Investment Bank Berhad (“AFFIN Investment”) is pleased to announce that AHB, had on 18 September 2007 entered into a conditional share subscription agreement ("SSA") with BEA pursuant to the Proposed Placement.

The salient terms of the SSA are as follows:

(i) The Placement Shares shall rank pari passu in all respects with the existing issued ordinary shares of the Company; (ii) The Placement Shares shall be issued and allotted fully paid and free from all liens, charges, security interests, encumbrances, adverse claims, options and third party rights; (iii) The SSA is subject to the following approvals being obtained within four (4) months from the date of the SSA or such other period as may be extended by mutual agreement of BEA and AHB:

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  (a) the shareholders of AHB and the Board for the issue and allotment of the Placement Shares to BEA;
  
  (b) the shareholders (if necessary) and the Board of Directors of BEA for the subscription of the Placement Shares; (c) the Bursa Malaysia Securities Berhad (“Bursa Securities”) for the listing and quotation for the Placement Shares on the Main Board of Bursa Securities; (d) the SC for the change in indirect shareholding of AFFIN Fund Management Berhad (formerly known as AFFIN Fund Management Sdn Bhd), a wholly-owned subsidiary of AFFIN Investment which in turn is a wholly-owned subsidiary of AHB, pursuant to the fund manager’s licence; and (e) any other applicable regulatory authority in Malaysia, Hong Kong or elsewhere; and

(iv) Completion of the SSA will take place within fourteen (14) calendar days after the last of the approvals mentioned in (iii) above has been obtained but if the date is not a day when banks are open for business in Malaysia and Hong Kong (“Business Day”), then the immediate next Business Day. The SSA dated 18 September 2007 will be made available at the Company's registered office at 7th Floor, Chulan Tower, 3, Jalan Conlay, 50450 Kuala Lumpur from Monday to Friday (except public holiday) during business hours for a period of three (3) months from the date of this announcement.

This announcement is dated 18 September 2007.