Settlement with 1MDB & MOF now unconditional

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Following the announcement on 24 April 2017 of the conditional settlement reached between International Petroleum Investment Company PJSC (IPIC), Aabar Investments PJS (Aabar), the Minister of Finance (Incorporated) Malaysia (MoF Inc.) and 1Malaysia Development Berhad (1MDB), a consent award was made on 9 May 2017. Accordingly, the settlement in respect of the arbitration proceedings at the London Court of International Arbitration is now unconditional.

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