17/04/2014 07:02 BST | Updated 17/04/2014 07:59 BST

AC/DC Deny Retirement Rumours: ‘We Will Continue To Make Music'

AC/DC have released a statement via their official website, confirming that they are not planning to retire as recently reported.

However guitarist Malcolm Young will take a break from working with the band, due to illness.

AC/DC's Brian Johnson and Angus Young

“After forty years of life dedicated to AC/DC, guitarist and founding member Malcolm Young is taking a break from the band due to ill health,” reads the statement.

“Malcolm would like to thank the group’s diehard legions of fans worldwide for their never-ending love and support.”

“In light of this news, AC/DC asks that Malcolm and his family’s privacy be respected during this time. The band will continue to make music,” they added.

The founding member’s illness has not been disclosed, however Brian Johnson mentioned his band mates ill-health in an interview earlier this week.

"One of the boys has a debilitating illness, but I don't want to say too much about it. He is very proud and private, a wonderful chap,” he told The Telegraph. “We've been pals for 35 years and I look up to him very much."

AC/DC formed in Sydney in November 1973 by brothers Angus and Malcolm Young. They released their first album, 'High Voltage', in 1975 but went global with their fourth release, 1977's 'Let There Be Rock'.

But it was the rock classic 'Back in Black' in 1980 that turned them into megastars, with the album going on to sell 22m in the US alone to become one of the biggest sellers of all time.

AC/DC's last tour, which saw them perform 168 gigs in 31 countries between 2008 and 2010, grossed $441.6m (£264.1m), making it the second highest grossing tour in history.

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