GAB wishes to announce that the Company will be seeking the approval of its shareholders for the Proposed Shareholders’ Mandate at the forthcoming 49^th Annual General Meeting (“AGM”) of the Company to be convened.

The Company had, at its 48^th AGM held on 22 November 2012, obtained a general mandate for the GAB Group to enter into Recurrent Related Party Transactions from time to time. The authority conferred pursuant to the mandate will however lapse at the conclusion of the forthcoming AGM (i.e. 49^th AGM) unless authority for its renewal is obtained from the shareholders of the Company at the 49^th AGM.

The Recurrent Related Party Transactions are necessary for GAB Group’s day-to-day operations and they are carried out in the ordinary course of business based on normal commercial terms which are not more favourable to the related parties than those generally available to the public and are not detrimental to the minority shareholders of the Company.

A circular containing the details of the Proposed Shareholders' Mandate will be despatched to the Company's shareholders in due course.

This announcement is dated 22 October 2013.