We refer to the announcements dated 26 February 2021, 2 March 2021 and 8 March 2021 in relation to the 3rd DRP.

On behalf of the Board, Affin Hwang Investment Bank Berhad (“Affin Hwang IB”) wishes to announce that the issue price of the new ordinary shares in ABB (“ABB Shares”) to be issued pursuant to the 3rd DRP has been fixed today (“Price-Fixing Date”) at RM1.51 per new ABB Share after taking into consideration the following:

(i) 5-day volume weighted average market price up to and including 8 March 2021, being the latest trading day prior to the Price-Fixing Date, of RM1.7127 per ABB Share (“5-day VWAP”); and

(ii) an adjustment of RM0.035, being the Interim Dividend, to the 5-day VWAP (“Ex-Dividend VWAP”).

The issue price of the new ABB Shares to be issued represents a discount of RM0.1677 which is approximately 10.00% discount to the Ex-Dividend VWAP of RM1.6777.

On behalf of the Board, Affin Hwang IB also wishes to announce that the books closure date for the Interim Dividend and the 3rd DRP has been fixed on 23 March 2021.

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 25 March 2021 and the election period for the 3rd DRP will close on 8 April 2021.

Barring any unforeseen circumstances, the new ABB Shares arising from the 3rd DRP will be listed on the Main Market of Bursa Malaysia Securities Berhad on 20 April 2021.

This announcement is dated 9 March 2021.