We are pleased to announce the following Dividend Policy of MGB Berhad (“the Company”) approved by the Board of Directors of the Company:-

As our continuous effort to retain our shareholders and appreciation for their support towards the Company's growth, the Company is setting a policy to declare and pay a minimum dividend of 20% of the Company’s Profit After Taxation based on ordinary operation profits for each financial year. Our ability to pay dividends or make other distributions to our shareholders is subject to various factors including but not limited to the followings:

• The level of our available cash, gearing, return on equity and retained earnings;
• Our expected financial performance;
• Our projected levels of capital expenditure and other investment plans;
• Our working capital requirements; and
• Our existing and future debt obligations.

No inference should be made from any of the foregoing statements as to our actual future profitability or our ability to pay dividends in the future.

This announcement is dated 23 February 2021.