We refer to the announcements dated 18 January 2017, 14 March 2017, 15 March 2017 and 25 April 2017, and the circular to shareholders in relation to the Disposal dated 6 March 2017 (“Circular”). Unless otherwise stated, words and expressions used in this announcement shall have the same meaning as those attributed to them in the Circular.

On behalf of the Board of Directors of SHB, Affin Hwang Investment Bank Berhad and Astramina Advisory Sdn Bhd wish to announce that PNB has notified SHB that PNB is satisfied with the results of the Due Diligence Inquiry.

In addition, SHB has, through a letter dated 27 April 2017, been notified by UKAS that the GoM is agreeable to the change in the shareholding structure of SILK arising from the sale and transfer by SHB of the Shares to PNB or its nominee.

Hence, the SPA has become unconditional today pursuant to the fulfilment of all Conditions Precedent.

This announcement is dated 27 April 2017.