(For consistency, all the abbreviations used throughout this announcement shall have the same meanings as defined in the earlier announcements, where applicable, unless stated otherwise or defined herein.)
Reference is made to the Companys announcements dated 26 February 2014, 27 March 2014, 26 May 2014, 14 August 2014 and 15 August 2014 in relation to the Proposals.
On behalf of the Board of Directors of STB, Public Investment Bank Berhad wishes to announce that SPSB and TCSB had, via an exchange of letter (which was accepted and signed by TCSB on 20 August 2014), mutually agreed to extend the Stipulated Period expiring on 25 August 2014 for a further period of approximately four (4) months to 26 December 2014 to enable the parties to fulfil the Conditions Precedent within the Stipulated Period as set out in the SPA.
This announcement is dated 20 August 2014.