Board of Forbes & Company approves scheme of arrangement

At meeting held on 26 September 2022

The Board of Forbes & Company at its meeting held on 26 September 2022 has approved the Scheme of Arrangement (Scheme) between Forbes & Company (FCL or the Demerged Company) and Forbes Precision Tools and Machine Parts (FPTL or the Resulting Company) and their respective shareholders.

The Scheme provides for Demerger of Forbes & Company into Forbes Precision Tools and Machine Parts.

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