The Board of Directors of PGB wishes to announce that the Company proposes to seek the approval of its shareholders for the Proposed Renewal of Shareholders' Mandate for Share Buy-Back of up to 10% of the total number of issued shares of the Company ("the Proposal") at the forthcoming Seventh Annual General Meeting of the Company, in accordance with the provisions of the Companies Act 2016, the Main Market Listing Requirements of Bursa Malaysia Securities Berhad and any prevailing laws, rules, regulations, orders, guidelines and requirements issued by any relevant authority at the time of purchase and subject to the availability of retained earnings of the Company.

A Circular containing the information on the Proposal will be issued to the shareholders in due course.

This announcement is dated 23 October 2017.