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AFFIN Holdings Berhad ("AHB") wishes to announce that AFFIN Securities Sdn. Bhd. ("AFFIN Securities"), a dormant and wholly-owned subsidiary of AFFIN Capital Holdings Sdn. Bhd. which in turn is a wholly-owned subsidiary of AHB, had on 26 November 2007 commenced Member's Voluntary Winding-up pursuant to Section 254(1)(b) of the Companies Act, 1965.

Pursuant thereto, Mr. Tan Leh Kiah of AD-Consult Sdn. Bhd., Suite 13.03, 13th Floor, Menara Tan & Tan, 207 Jalan Tun Razak, 50400 Kuala Lumpur, has been appointed as Liquidator.

Brief Information on AFFIN Securities Sdn. Bhd.

AFFIN Securities was incorporated on 15 May 1997; its authorised share capital consists of RM100,000,000.00 divided into 100,000,000 ordinary shares of RM1.00 each and its paid up share capital is RM100,000,000.00 consisting of 100,000,000 ordinary shares of RM1-00 each.

Rationale for the Winding-up

The Member's Voluntary Winding-up of AFFIN Securities is to rationalise and streamline the AHB Group structure.

Effects of the Winding-up

The winding-up of AFFIN Securities will not have any financial effect on the AHB Group.