We refer to the earlier announcements dated 28 June 2019 and 2 July 2019 in relation to the Proposed Placement. Unless otherwise stated, the terms used herein shall have the same meaning as defined in the said announcements.

On behalf of the Board, RHB Investment Bank wishes to announce that Bursa Securities had vide its letter dated 4 July 2019, approved the listing and quotation of up to 85,855,175 new Avillion Shares to be issued pursuant to the Proposed Placement, on the Main Market of Bursa Securities subject to the following conditions:

(i) Avillion and RHB Investment Bank must fully comply with the relevant provisions under the Main Market Listing Requirements of Bursa Securities pertaining to the implementation of   the Proposed Placement;

(ii) Avillion to inform Bursa Securities upon the completion of the Proposed Placement;

(iii) RHB Investment Bank to furnish Bursa Securities with a written confirmation of its compliance with the terms and conditions of Bursa Securities’ approval once the Proposed Placement is completed; and

(iv) if relevant, Avillion to furnish Bursa Securities with a certified true copy of the resolution passed by shareholders at the forthcoming AGM for the authority to issue Avillion Shares pursuant to the Act before the listing of the Placement Shares.

This Announcement is dated 5 July 2019.