Unless otherwise stated, the exchange rate of USD1.00:RM4.0840, being Bank Negara Malaysia’s middle rate as at 5.00 p.m. on 2 April 2019, is used throughout this announcement for purposes of translation of USD into RM.

We refer to the press release issued by the Attorney General today on the proposed acquisition by Genting Malaysia Berhad or its special purpose vehicle company of the Equanimity superyacht (“Proposed Acquisition”).

On 28 March 2019, GENM made an offer to the Kuala Lumpur High Court of Malaya to purchase the Equanimity superyacht (together with bunkers, fuel, lubricants and other existing consumables on board) for a total consideration of USD126.0 million (or the equivalent of approximately RM514.6 million), under a Judicial Sale process, by way of private direct sale, pursuant to the Order made by the Kuala Lumpur High Court of Malaya under its Admiralty jurisdiction (“Offer”).

The Admiralty Court in Kuala Lumpur had, today, approved the Offer by GENM on the Sheriff’s Terms and Conditions. The acquisition will be undertaken by GENM’s wholly-owned subsidiary and the completion of the sale is expected to take place by end of April 2019.

The Proposed Acquisition will allow GENM to differentiate itself from its competitors and provide GENM with a unique and competitive edge for its premium customers business.

The Proposed Acquisition is not expected to have a material effect on the consolidated earnings, net assets and gearing of GENM for the financial year ending 31 December 2019.

None of the directors or substantial shareholders of GENM or persons connected to them has any interest, direct or indirect, in the Proposed Acquisition.

This is a voluntary announcement made under Paragraph 10.05(2) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad.

This announcement is dated 3 April 2019.