The Board of Directors of Guinness Anchor Berhad (“GAB”) hereby announce that the following subsidiary companies had, on 11 February 2011, applied to the Companies Commission of Malaysia to strike-off their names from the register of Companies Commission of Malaysia  (“CCM”) pursuant to Section 308 of the Companies Act, 1965:-

Both GSSB and MBMalaya have ceased their operations since 1985 whilst MBMSB ceased its operations on 31 December 1990. These companies have no intention to commence any business activities in the future.

The purpose of striking-off the aforesaid dormant subsidiaries is to rationalise and streamline the GAB Group structure.

The striking-off of the aforesaid dormant subsidiaries will not have any material effect on the net assets and earnings per share of the GAB Group for the financial year ending 30 June 2011.

None of the Directors or substantial shareholders of GAB or persons connected with them has any interest, direct or indirect in the aforesaid striking-off.

Further announcement will be made upon the receipt of the notification for the striking-off from the CCM.

This announcement is dated 16 February 2011.