GAB wishes to announce that the Company will be seeking the approval of its shareholders for the following proposals at the forthcoming 48^th Annual General Meeting (“AGM”) of the Company to be convened:

(i)      Proposed Shareholders’ Mandate for Recurrent Related Party Transactions of a Revenue or Trading Nature

         The Company had, at its 47^th AGM held on 3 November 2011, 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. 48^th AGM) unless authority for its renewal is obtained from the shareholders of the Company at the 48^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.

(ii)           Proposed Amendments to the Company’s Articles of Association

         The Proposed Amendments to the Company’s Articles of Association are intended to ensure that the Company’s Articles of Association comply with the additional requirements of the Bursa Malaysia Main Market Listing Requirements and to update other provisions in the Company’s Articles of Association for clarity and consistency.

(collectively referred to as “the Proposals”).

A Circular containing the details of the Proposals will be despatched to the shareholders of the Company in due course.

This announcement is dated 23 October 2012.