The Board of Directors (“Board”) of ALB wishes to announce that the Malaysian Anti-Corruption Commission (“MACC”) has been granted a 4-day remand order involving the Company’s Executive Vice Chairman, Dato’ Siew Ka Wei (“Dato’ Siew”), to assist MACC in its investigation during Dato’ Siew’s tenure as Chairman of the Tourism Board of Malaysia.

The Board has assessed the implications of the above on the Group’s operations, its shareholders and other stakeholders who may be affected directly and indirectly and to determine the possible course of action to be taken.

The Board wishes to inform the shareholders and other stakeholders that the operations of the Group remain unaffected by the above event. The Group’s various operating units have been and are under the care of the various Unit Heads with proven track record.

This announcement is dated 9 January 2019.