ASX release: Heads of Agreement For New Advanced Cancer Treatment Clinic

Asian American In collaborqtion with UPMC

MEDICAL GROUP

11October 2017

The Manager

Companies Announcement Office Australian Securities Exchange Electronic Lodgment

Dear Sir/Madam,

ASX RELEASE - HEADS OF AGREEMENT WITH GE HEALTHCARE PTE LTD FOR COLLABORATION AND INFORMATION-SHARING IN RELATION TO THE SETTING UP OF AN ADVANCED CANCER TREATMENT CLINIC IN JOHOR

The Board of Directors ("the Board"} of Asian American Medical Group Limited ("AAMG" or "the Company"} is pleased to announce that it has entered into a Heads of Agreement ("HOA"} with GE Healthcare Pte. Ltd. ("GEHC"} to set out the framework for collaboration and information-sharing in relation to setting up an advanced cancer treatment clinic in Johar, Malaysia ("Project"}.

GEHC is part of the GE Healthcare group of companies which manufactures and services items of medical equipment.

The scope of collaboration under the HOA will include the review, assessment and inputs on various aspects of the Project. Depending on the outcome of the collaboration, both sides will enter into definitive agreements should they decide to proceed further .

This collaboration with GEHC is not expected to have any material impact on the net tangible assets or earnings per share of the Company for the financial year ending 31 August 2018.

On behalf of the Board

DARIO NAZZARI

Company Secretary

Asian American Medical Group Limited www.aamg.co

6A Napier Road. Gleneagles Hospital T (65) 6476 2088

Annexe Block #02 -36A/36B/37 F (65) 6476 3088

Singapore 258500 E enquiry@aamg .co

ABN No: 42 091 559 125

Asian

American In collaborat ion with UPMC

MEDICAL GROUP

About Asian American Medical Group

Asian American Medical Group ("AAMG") is based in Singapore and has been listed on the Australian Securities Exchange since September 2009. The Group's operations include the Asian American Liver Centre Pte Ltd ("AALC"), established in 1994 in Singapore, and Asian American Radiation Oncology Pte Ltd ("AARO").

The Group entered into a strategic collaboration in October 2012 with the US-based US$13-billion integrated global health enterprise University of Pittsburgh Medical Center. UPMC, ranked No. 12 on the U.S. News & World Report Honor Roll of American's Best Hospitals, is affiliated with the University of Pittsburgh Schools of the Health Sciences and are pioneers in the field of transplantation. This collaboration has enhanced AAMG's clinical capabilities through shared protocols, rigorous quality standards and technology and also created a platform for AAMG to expand into other countries in Asia such as Malaysia and Myanmar.

AALC, one of Asia's foremost liver centres, is led by renowned hepatobiliary expert and liver transplant surgeon, Dato' Dr. Tan Kai Chah (Dr. KC Tan), who helped start the Liver Transplant Programme at the King's College Hospital London, United Kingdom, and pioneered the highly successful Living Donor Liver Transplantation (LDLT) Programme in Singapore. In 2014, AALC began conducting surgical procedures at the IHEAL Medical Centre located in Kuala Lumpur, Malaysia.

AARO, established in March 2015, offers radiation oncology clinical, consultancy and management services and is led by Dr Daniel Tan Vat Harn. Based in Singapore, AARO will drive expansion into the growing radiotherapy and oncology segment in the overseas market, at a time where there is a shortage of modern radiotherapy treatment centres.

About GE Healthcare

GE Healthcare provides transformational medical technologies and services to meet the demand for increased access, enhanced quality and more affordable healthcare around the world. GE Healthcare (NYSE: GE) works on things that matter - great people and technologies taking on tough challenges. From medical imaging, software & IT, patient monitoring and diagnostics to drug discovery, biopharmaceutical manufacturing technologies and performance improvement solutions GE Healthcare helps medical professionals deliver great healthcare to their patients. http://www.gehealthcare.com

For further information, please visit: www.aamg.co

Media contact:

WeRl Consultants Pte Ltd 3 Phillip Street, #12-01 Royal Group Building Singapore 048693

Ms. Sophia Halim; [e-mail] Tel: [phone]

GE Healthcare

Denise Nah; Denise.nah @ge.com

Tel: [phone]