We refer to the announcements dated 20 June 2014 and
4 July 2014 in relation to the Proposed Disposal (“Announcements”).
Unless otherwise stated, words and expressions used in this announcement
shall have the same meaning as those attributed to them in the Announcements.
On behalf of the Board of Directors of SHB, AFFIN
Investment Bank Berhad wishes to announce that SHB and the Purchaser have
mutually agreed to extend the Conditions Precedent Period 1 from ninety (90)
days to one hundred and fifty (150) days from the date of the SSA to expire on
17 November 2014 (“CP Period 1 Extension”).
As a condition to the CP Period 1 Extension, SHB
and the Purchaser have also mutually agreed to allow the Purchaser to carry out
a due diligence update based on the timeline as set out in Attachment 1.
This announcement is dated 15 September 2014.