KENANGA ANNUAL REPORT 2017

10.3 Ordinary Resolution 12 – Proposed Share Buy-Back Authority The proposed Ordinary Resolution 12, if passed, will empower the Board of Directors to allocate an amount not exceeding the retained profits of the Company for the purpose of and to purchase such amount of ordinary shares in the Company from time to time on the market of Bursa Malaysia Securities Berhad upon such terms and conditions as the Board of Directors may deem fit in the interest of the Company provided that the aggregate number of shares purchased pursuant to this Resolution does not exceed ten percent (10%) of the total number of issued shares of the Company for the time being. The shareholders’ mandate for the Proposed Share Buy-Back Authority is subject to renewal on an annual basis. Further information on the Proposed Share Buy-Back Authority is set out in the Share Buy-Back Statement dated 30 April 2018 which is dispatched together with the annual report of the Company for the financial year ended 31 December 2017. 11. Abstention From Voting 11.1 Any NED referred to in Ordinary Resolutions 2, 3, 4, 5 and 6 who is a shareholder of the Company will abstain from voting on the resolution in respect of his re-election at the Forty-Fourth (44 th ) AGM. In this respect, Luigi Fortunato Ghirardello, who is a shareholder of the Company, will abstain from voting on Ordinary Resolution 3. 11.2 Any NEDs of the Company who are the shareholders of the Company will abstain from voting on Ordinary Resolution 7 and Ordinary Resolution 8 concerning the Directors’ fees and Directors’ benefits at the Forty-Fourth (44 th ) AGM. In this respect, Dato’ Richard Alexander John Curtis and Luigi Fortunato Ghirardello, who are the shareholders of the Company, will abstain from voting on Ordinary Resolution 7 and Ordinary Resolution 8. 11.3 Datuk Chay Wai Leong and person connected to him will abstain from voting on Ordinary Resolution 10 in respect of the proposed allocation of ESS to him. 12. Poll Voting Pursuant to Paragraph 8.29A (1) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, all the resolutions set out in this Notice will be put to vote by poll. 13. Publication of AGM Notice on the Company’s Website Pursuant to Section 320 of the Companies Act, 2016, the Notice of the Company’s Forty-Fourth (44 th ) AGM is also available on the Company’s website at www.kenanga.com.my throughout the period beginning from the date of notice until the conclusion of the Forty-Fourth (44 th ) AGM. Kenanga Investment Bank Berhad 240 NOTICE OF FORTY-FOURTH (44 TH ) ANNUAL GENERAL MEETING