Apq Global Regulatory News (APQ)

19 October 2017

APQ Global Limited

("APQ Global" or the "Company")

2017 Q4 Outlook

APQ Global, the emerging markets income company, has issued a Q4 Outlook for 2017 of the trends management and its International Advisory Council are observing in emerging markets.

A full copy of the report can be accessed via its website: http://apqglobal.com/wp-content/uploads/Q4-2017-APQ-Global-Outlook.pdf

An extract from APQ Global's Chief Executive Officer, Bart Turtelboom is set out as below from the report:

A twin-track world of calm markets and volatile politics

For politics, economies and markets these are exceptional times. While politics are volatile, the global economy is recovering and financial markets are buoyant. As central banks keep rates at record lows, being careful not to jeopardise the global recovery, abundant financial liquidity is supporting markets.

In the United States, markets are unperturbed by political controversy. It has been a long time since someone as senior as the former head of the FBI performed a special investigation. Whether what he uncovers will stoke market volatility remains to be seen.

Regulation is a theme that is benefiting stocks in the US and elsewhere across the globe. Top of that list, accounting for more than a quarter of the economy, healthcare is a key sector set to gain from deregulation. The pace of innovation is snowballing and there is a drive to access a global market, including India, China and many other countries. There are many opportunities, not just for diagnostics and cures but also intervention.

Technology is another key theme driving the investment agenda. Leaders in the technology industry say there is no such thing - just start-ups and disrupters that leap frog established businesses. Valuations are still rising for technology companies. In the next 12-18 months, there will be an uptick in mergers and acquisitions and a rush to list through initial public offerings (IPOs).

In Artificial Intelligence (AI), people hold semi-religious opinions. Will AI lead to robots taking over all jobs or a more benign world where people do not have to work so hard? Visionary entrepreneurs like Elon Musk are forcing a thoughtful debate. AI will affect most businesses. Some businesses are already finding that the technology is mature enough to reduce their overheads substantially, and there is no sign of criticism from customers or their supply chains.

Turning to the US Federal Reserve Board, who will replace Janet Yellen as chair in early 2018 if she is not reappointed? In some ways, this question is academic as she will remain on the board until 2024. People inside the Fed are not concerned because the board is non-partisan and there is always a robust debate about policy.

Perhaps the biggest threat to financial markets is the stand off between North Korea and the United States. In Japan, people have lived with this threat for a long time but fear is building now, which in turn creates uncertainly and potential volatility for investors.

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Notes to Editors

APQ Global Limited

APQ Global (ticker: APQ LN) is a global emerging markets income company with interests across Asia, Latin America, Eastern Europe, the Middle East and Africa. The Company's objective is to steadily grow earnings to deliver attractive returns and capital growth to shareholders. This objective is achieved through a combination of revenue generating operating activities and investing in growing businesses across emerging markets. APQ Global run a well-diversified and liquid portfolio, take strategic stakes in selected businesses and plan to take operational control of companies through the acquisition of minority and majority stakes in companies with a focus on emerging markets.

For more information, please visit apqglobal.com.

International Advisory Council (IAC)

Established in February 2017, the IAC assists in locating the best investment opportunities across the globe. The panel of advisors, chaired by Tania Rotherwick, contribute insights from their own areas of geographical and sector expertise to support APQ Global's business strategy.