The terms used herein shall have the same meaning as those defined in the announcement dated 27 April 2020, unless otherwise stated.

We refer to the announcements dated 27 February 2020, 27 April 2020, 6 May 2020, 10 July 2020 and 17 July 2020 in relation to the 2nd DRP.

On behalf of the Board, Affin Hwang Investment Bank Berhad (“Affin Hwang IB”) wishes to announce that the issue price of the new ABB Shares to be issued pursuant to the 2nd DRP has been fixed today (“Price-Fixing Date”) at RM1.36 per new ABB Share after taking the consideration the following:

(a) 5-day volume weighted average market price (“VWAP”) of RM1.58 per ABB Share up to and including 27 July 2020, being the latest trading day prior to the Price-Fixing Date; and

(b) a dividend adjustment of RM0.07 to the 5-day VWAP (“Ex-Dividend VWAP”).

The issue price of the new ABB Shares to be issued represents a discount of RM0.15 which is approximately 9.93% discount to the Ex-Dividend VWAP of RM1.51.

On behalf of the Board, Affin Hwang IB also wishes to announce that the books closure date for Interim Dividend and the 2nd DRP has been fixed on 12 August 2020.

A copy of the Notice of Election (including the Dividend Reinvestment Form) will be despatched to all the entitled shareholders of ABB (save for foreign-addressed shareholders of ABB) on 14 August 2020 and the election period for the 2nd DRP will close on 28 August 2020.

Barring any unforeseen circumstances, the new ABB Shares arising from the 2nd DRP will be listed on the Main Market of Bursa Malaysia Securities Berhad on 10 September 2020.

This announcement is dated 28 July 2020.