Australian hard rock band AC/DC has released a statement on their website after rumors surfaced on social media sites that the band may be retiring due to guitarist Malcolm Young's ill health.

"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.

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."