Reference is made to the Company’s announcement dated 23 September 2016 wherein AFFIN had announced that it had submitted an application to Bank Negara Malaysia (“BNM”) for an extension of time for AFFIN and AXA Asia to conclude negotiations with Felda Marketing Services Sdn Bhd in relation to the Proposal.

On behalf of the Board of Directors of AFFIN, Affin Hwang Investment Bank Berhad wishes to announce that BNM had in its letter dated 28 October 2016 informed that it has no objection for an extension of 3 months from 28 October 2016 for AFFIN to complete its negotiations with Felda Marketing Services and AXA Asia in relation to the Proposal (“Letter”).

A copy of the Letter will be made available for inspection during normal business hours at AFFIN’s registered office at 7th Floor, Chulan Tower 3, Jalan Conlay, 50450 Kuala Lumpur from Mondays to Fridays (except public holidays) for a period of 3 months from the date of this announcement.

This announcement is dated 28 October 2016.