Reference is made to ECMLFG's announcements on 4 May 2017, 21 June 2017, 3 July 2017, 8 August 2017, 30 August 2017, 26 October 2017, 21 November 2017, 24 November 2017, 27 November 2017, 12 December 2017, 21 December 2017, 21 March 2018, 13 April 2018, 3 May 2018, 4 May 2018, 8 May 2018, 16 May 2018, 18 May 2018, 2 July 2018, 3 September 2018 and 1 October 2018 in relation to the Proposals ("Announcements"). Unless otherwise defined, the definitions set out in the Announcements shall apply herein.

On behalf of the Board, CIMB is pleased to announce that the acquisition of the Tune Hotel Penang under the Tune Hotel Penang SPA has been completed on 1 October 2018.

In addition to the above, CIMB is also pleased to announce that as of the date of this announcement, all the conditions precedent under the Tune Hotel KK SPA have been fulfilled and hence the Tune Hotel KK SPA has become unconditional on 1 October 2018.

Regarding the Tune Hotel KLIA Aeropolis SPA, the parties to the agreement had on 1 October 2018 entered into a variation letter to extend the date to fulfil the agreement's conditions precedent by 90 days from 4 October 2018 (inclusive), or such longer period as the parties may mutually agree in writing.

The abovementioned extension is to provide additional time to fulfil several conditions precedent of the Tune Hotel KLIA Aeropolis SPA which are still not met as at the date of this announcement. The details of the conditions precedent are set out in the circular to ECMLFG shareholders dated 27 November 2017.

This announcement is dated 1 October 2018.