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26 March 2015

Ministry of Finance Appoints CIMB to Find Investors for Edra

Kuala Lumpur: CIMB Group today announced that it has received a letter of appointment to act as adviser to the Ministry of Finance (MoF) for the potential sale of Edra Global Energy Berhad (Edra) to strategic investors. CIMB's role will include identifying potential buyers and running a competitive process for Edra to derive an optimal outcome for MoF. This appointment does not extend to any other areas relating to the 1MDB Group.