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Maybank wishes to refer to its announcement on 30 March 2007 in respect of the signing of an MOU with Panin Life Tbk for both Maybank Group and PT Panin Life Tbk to commence discussion on a possible joint venture partnership via the acquisition of a 60% stake in PT Anugrah Life Insurance, a subsidiary of PT Panin Life Tbk.
Maybank would like to inform that it is presently engaging with the relevant authorities in the Republic of Indonesia for the requisite approval prior to the execution of the definitive legal agreements.
This announcement is dated 20 August 2007.