The Board of Directors of ABB wishes to inform that, based on the Record of Depositors of ABB as at 13 May 2020, ABB’s public shareholding spread is 24.45%, representing a shortfall of 0.55% from the minimum percentage of 25% of its total issued and paid-up share capital. As such, ABB does not comply with the required public shareholding spread pursuant to Paragraph 8.02 (1) of the Main Market Listing Requirements of Bursa Securities.

ABB will be submitting an application to Bursa Securities for an extension of time of 6 months to rectify the shortfall in the public shareholding spread.

As at the date of this announcement, ABB has yet to formulate any rectification plan to address the shortfall in the public shareholding spread requirement, and will make the necessary announcements in relation to the status of its effort to comply in due course.

This announcement is dated 15 May 2020.