We refer to the article published in The Edge Malaysia today, 30 November 2020, regarding the Company's plans to raise between RM2 billion and RM2.5 billion in funding, specifically on the statement: 'Around RM1 billion of this was already reported as soft loans from the government'.

The Board of Directors of the Company wishes to clarify that as mentioned in AAGB's 3Q2020 Earnings Press Release and 3Q2020 Earnings Deck available on AAGB's Investor Relations website, we are in the midst of securing commitments from the banks for the Danajamin Prihatin Guarantee Scheme (DPGS) in Malaysia and other bank financing in other markets.

We have communicated that we are raising up to RM2 billion to RM2.5 billion in total from debt and equity. We wish to clarify that we have never expressly or indirectly claimed to have obtained soft loans of around RM1 billion from the Government.

This announcement is dated 30 November 2020.