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MSWG’S QUICK TAKE ON ONGOING CORPORATE DEVELOPMENTS

FELDA GLOBAL VENTURES HOLDINGS BERHAD (“FGV”)

The Board of Directors of Felda Global Ventures Holdings Berhad ("FGV") announced that the Group President/Chief Executive Officer and Group Chief Financial Officer of FGV have been given leave of absence commencing from 6 June 2017 pending investigations of certain transactions under Delima Oil Products Sdn Bhd, a subsidiary of FGV.

FGV will continue its business as usual. In the interim, a Board Executive Committee, comprising two (2) FGV Directors, YBhg. Dato’ Dr Omar Salim and YBhg. Dato’ Mohd Zafer Mohd Hashim, together with En. Azman Ahmad, Head of Logistics Cluster will take over the responsibility to perform the functions of the Group President/Chief Executive Officer. The Board has also appointed Pn. Aznur Kama Azmir, Group Financial Controller, Plantation Sector as the Interim Group Chief Financial Officer.