FGV Berhad : Resolutions at 14th Annual General Meeting Approved by Shareholders

KUALA LUMPUR, 23 June 2022 - FGV Holdings Berhad (FGV) is pleased to declare that its
shareholders have approved all the 13 resolutions at its 14th Annual General Meeting (AGM),
held virtually today. The percentage of shares voted FOR each of the 13 resolutions were
close to 100%.

At the start of the AGM, Dato' Dzulkifli Abd Wahab, congratulate all employees as FGV has
recorded the best result since going public in 2012 despite various challenges faced in 2021.

FGV remains committed to invest and expand towards a broader range of sustainable and
synergised agribusinesses and is targeted to move into higher value-added business activities
to achieve more stable returns.

According to Dato' Dzulkifli Abd Wahab Chairman of FGV, "FGV aspires to become one of the
world's leading sustainable agribusiness players with reputable product brands, and strong
distribution capabilities. With this, we are advancing our sustainability journey as the first food
and agribusiness company in Malaysia to formalise a Climate Action Plan target with the
United Nations."

He added, FGV intends to change the narrative for Malaysian palm oil by ensuring that
Environmental, Social and Governance (ESG) considerations continue to take the centre
stage in all FGV's undertakings.

"We believe, this is key to advocating the sustainable benefits of palm oil at a global level and
helping the industry gain international acceptance and support as the way forward to meet the
needs of a growing world population" said Dzulkifli.

Other than that, one of the key updates during the meeting is the increase in Board and
Chairman fees and allowances which was proposed after taking into consideration the
complexity as well as the number of business verticals of FGV Group compared to other
plantation companies.

FGV will strive to keep this positive momentum to meet the expectations of its stakeholders
and to achieve the targets set for 2022.

Moving forward, for the year 2022 FGV will ensure its Strategic Business Plan provides
benefits to the smallholders, especially Federal Land Development Authority (FELDA) settlers,
as FELDA has emerged as FGV's largest shareholders by end-2021 with 79.80%
shareholding.

FGV expects to harness mutually beneficial synergies from this closer relationship between
FELDA and FGV, driven by clearer communication of shared goals and more responsive
strategic alignment.

ENDS