The terms used herein, unless the context otherwise stated, bear the same meaning as those defined in the earlier announcements in relation to the Offer.

We refer to the announcements dated 23 September 2019, 27 September 2019 and 14 October 2019 in relation to the Offer.

The Board of Directors of KCB wishes to announce that KCB has today received a press notice from UOB Kay Hian Securities (M) Sdn Bhd, on behalf of the Offeror, informing that as a result of the Offer thus far, the Offeror has received valid acceptances in respect of the Offer Shares resulting in the Offeror and the PAC collectively holding 5,247,582,238 KCB Shares, representing 90.84% of the total voting shares of KCB as at 5.00 p.m. on 1 November 2019. Further, please take note that the Offer will close at 5.00 p.m. (Malaysian time) on Monday, 4 November 2019 ("Closing Date").

In accordance with Paragraph 16.02(3) of the Listing Requirements, as the Offeror and the PAC collectively hold more than 90% of the listed shares in KCB as a result of the Offer and in view that the Offeror does not intend to maintain the listing status of KCB, Bursa Securities will suspend the trading of KCB Shares upon the expiry of 5 market days from the Closing Date (as defined below). Thereafter, the Offeror will procure KCB to take the requisite steps to withdraw its listing status from the Official List of Bursa Securities, in accordance with Paragraph 16.07 of the Listing Requirements.

In addition, Section 223(2) of the CMSA requires the Offeror to give the Dissenting Holders a notice in the manner prescribed under the Rules of the rights exercisable by the Dissenting Holders under Section 223(1) of the CMSA ("Notice"), within 1 month of the time the Offeror and the PAC having acquired not less than nine-tenths (9/10) in the value of all the shares in KCB or of that class in KCB.

In pursuance of the Offer, as the Offeror has to-date received valid acceptances in respect of the Offer Shares resulting in the Offeror and the PAC collectively holding not less than nine-tenths (9/10) in the value of all the KCB Shares, the Offeror will issue the Notice to Dissenting Shareholders to inform them that they may exercise their rights under Section 223(1) of the CMSA, by serving a notice on the Offeror to require the Offeror to acquire their Offer Shares on the same terms as set out in the Offer Document or such terms as may be agreed between the Offeror and such Dissenting Shareholders or as the High Court, on application made to it by such Dissenting Shareholder or by the Offeror, thinks fit to order under Section 224(3) of the CMSA.

Accordingly, the Notice will be despatched to the Dissenting Shareholders within 1 month from 1 November 2019, being the date of receipt of the valid acceptances which resulted in the Offeror and the PAC having acquired not less than nine-tenths (9/10) in the value of all the KCB Shares.

Save for the above, all other details, terms and conditions of the Offer Document remain unchanged.

This announcement is dated 1 November 2019.