We refer to the announcement dated 26 February 2021 by ABB on its quarterly report on consolidated results for the financial year ended 31 December 2020, wherein the Board of Directors of ABB (“Board”) has proposed a single-tier interim dividend in respect of the financial year ended 31 December 2020 of 3.5 sen per ordinary share in ABB (“ABB Share”) (“Interim Dividend”).

On behalf of the Board, Affin Hwang Investment Bank Berhad wishes to announce that:

(i)          the Board has determined that the 3rd DRP be applied to the Interim Dividend and 100% of the Interim Dividend can be elected to be reinvested in new ABB Shares in accordance with the 3rd DRP; and

(ii)         Bank Negara Malaysia has granted its approval on 26 February 2021 for the increase in the issued share capital of ABB of up to 73.0 million new ABB Shares to be issued pursuant to the 3rd DRP.

This announcement is dated 26 February 2021.