Further to its cautionary announcement issued on 3rd October 2018, the Board of Directors of SBM Holdings Ltd (SBMH) wishes to inform its shareholders and the public in general that, as a result of the recovery efforts referred to in its cautionary announcement, the maximum potential loss relating to the cybercrime fraud on the India Operations of SBM Bank (Mauritius) Ltd has reduced to USD 4M. These efforts will continue and the SBM Group will ensure effective resilience of its systems to such attacks, which are an increasing feature of banking.
Shareholders and the investing public are advised to exercise caution when dealing in the shares of SBMH.
By order of the Board
4th October 2018
This Communique is issued pursuant to Listing Rule 11.3 and the Securities Act 2005.
The Board of Directors of SBM Holdings Ltd accepts full responsibility for the accuracy of the information contained in this Communique.