Reference is made to the earlier announcement on 8 December 2020.

The Board of Directors of FGV (“Board”) wishes to announce that the Board had on 22 December 2020 received a notice of unconditional mandatory take-over offer (“Notice”) from Maybank Investment Bank Berhad on behalf of the Offeror to acquire all the remaining ordinary shares in FGV (“FGV Shares”) (excluding treasury shares) which are not already held by the Offeror and its persons acting in concert, including all FGV Shares under the FGV’s long term incentive plan (“Offer Shares”) for a cash consideration of RM1.30 per Offer Share (“Offer”).

Pursuant to Paragraph 3.06 of the Rules on Take-overs, Mergers and Compulsory Acquisitions issued by the Securities Commission Malaysia, an independent adviser will be appointed by the Board in due course to provide comments, opinions, information and recommendation on the Offer.

A copy of the Notice is enclosed to this announcement and will be posted to the holders of the Offer Shares within 7 days from the date of this announcement.

This announcement is dated 22 December 2020.