We refer to our earlier announcements dated 27 April 2015 and 28 April 2015.

(Unless otherwise defined, all the abbreviations used throughout this announcement shall have the same meanings as defined in the earlier announcements in relation to the Proposed Private Placement)

On behalf of the Board of Directors of ALB, Affin Hwang IB is pleased to announce that Bursa Malaysia Securities Berhad (“Bursa Securities”) had, vide its letter dated 12 May 2015, resolved to approve the listing and quotation of up to 47,328,631 new ordinary shares of RM0.05 each in ALB, representing up to 10% of the issued and paid-up share capital of ALB to be issued pursuant to the Proposed Private Placement. 

The approval granted by Bursa Securities for the Proposed Private Placement is subject to the following conditions: 

(i)         ALB and Affin Hwang IB must fully comply with the relevant provisions under the ACE Market Listing Requirements of Bursa Securities (“Listing Requirements”) pertaining the implementation of the Proposed Private Placement;

(ii)        ALB and Affin Hwang IB to inform Bursa Securities upon the completion of the Proposed Private Placement; and

(iii)       ALB to furnish Bursa Securities with a written confirmation of its compliance with the terms and conditions of Bursa Securities’ approval once the Proposed Private Placement is completed.

ALB is required to ensure full compliance of all the requirements pertaining to the Proposed Private Placement as provided under the Listing Requirements at all times.

This announcement is dated 13 May 2015.