Proposed Renewal Of Existing shareholders' Mandate For Recurrent Related Party Transactions Of A Revenue Or Trading Nature ("Proposed Shareholders' Mandate")

Type	Announcement
Subject	Guinness Anchor Berhad ("GAB" or "the Company") - Proposed Renewal of Existing Shareholders' Mandate for Recurrent Related Party Transactions of a Revenue or Trading Nature ("Proposed Shareholders' Mandate")
Contents	GAB wishes to announce that the Company will be seeking the approval of its shareholders for the Proposed Shareholders' Mandate at the forthcoming 45th Annual General Meeting ("AGM") of the Company to be convened. The Company had, at its 44th AGM held on 26 November 2008, 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 (ie 45th AGM) unless authority for its renewal is obtained from the shareholders of the Company at the 45th 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 details on the Proposed Shareholders' Mandate will be despatched to the shareholders of the Company in due course. This announcement is dated 17 September 2009.

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