We refer to past announcements and the announcement dated 12 October 2016 in relation to the Proposed Shares Issuance (“Announcements”).

Unless otherwise defined, all expressions used in this announcement shall carry the same meaning as defined in the Announcements.

On behalf of the Board, CIMB and RHB wish to announce that the Company and the Subscriber have entered into a fourth supplemental letter dated 25 November 2016 in respect of the Subscription Agreement to extend the Cut-off Date of 26 November 2016 for a further period of sixty (60) days and expiring on 25 January 2017, or such longer period as the Parties may mutually agree in writing.

This additional extension was agreed upon between the Parties to allow the Subscriber further time to acquire the necessary approval from BNM which is still pending due to partial offshore borrowings involved.

The BNM approval is the final condition precedent to the Subscription Agreement and once obtained, the Subscription Agreement shall become unconditional (“Unconditional Date”) and pursuant to the terms of the Subscription Agreement, the completion for the Proposed Shares Issuance shall take place within a period of sixty (60) days from the Unconditional Date, or such longer period as the Parties may mutually agree in writing.

Save for the extension of the Cut-off Date above, all other terms and conditions of the Subscription Agreement remain unchanged.

This announcement is dated 25 November 2016.