17 May 2023 Media Release |

PRIVATISATION OF BOUSTEAD HOLDINGS GAINS STRONG MOMENTUM

KUALA LUMPUR, 17 MAY 2023 – Lembaga Tabung Angkatan Tentera (“LTAT”) is firmly on track in its bid to privatise Boustead Holdings Berhad (“BHB”). The latest shareholdings of LTAT in BHB is approximately 90.49% (which was accumulated via open market acquisition as well as shareholders’ acceptances through the Offer (as defined herein)). For avoidance of doubt, as at the date of the Offer Notice, the shareholdings held by LTAT in BHB stood at 59.42%.