Khazanah Nasional Berhad (“Khazanah”) confirms news reports that all Members of the Board of Directors (“Board”) including the Managing Director have offered to resign from the Board. This is done in order to facilitate a smooth and orderly transition under the new Government.

The current Board have been honoured to serve, and feels it appropriate to offer the new Government the discretion and reaffirm the prerogative to form the new Board. We will issue a further statement once we have further details of the reconstitution of the Board.