We refer to the announcement dated 27 February 2020 by ABB on its quarterly report on consolidated results for the financial year ended 31 December 2019, wherein the Board of Directors of ABB (“Board”) has proposed a final single-tier dividend in respect of the financial year ended 31 December 2019 of 7.00 sen per ordinary share in ABB (“ABB Share”) (“Proposed Final Dividend”), subject to shareholders’ approval at the annual general meeting to be convened.  

On behalf of the Board, we wish to announce that:

(i) the Board has determined that the 2nd DRP be applied to the Proposed Final Dividend and 100% of the Proposed Final Dividend can be elected to be reinvested in new ABB Shares in accordance with the 2nd DRP; and

(ii) Bank Negara Malaysia has granted its approval on 27 February 2020 for the increase in the issued share capital of ABB of up to 96.5 million new ABB Shares to be issued pursuant to the 2nd DRP.

This announcement is dated 27 February 2020.