Contents :

We wish to respond to the column in THE EDGE weekly entitled "Maybank : Proper Conduct in New York". For your information, the disclosure made during the investors' meeting in New York recently was not in our view in relation to any price-sensitive information. They are the forecast medium term performance level expressed in the broadest form which the Management felt to be fair and reasonable based on the current business strategies and operating environment. The forecast performance level can change with the changing operating environment and Group business strategies. You may wish to note that since the disclosure was made on September 26, 2005, there have been no unusual movements in the price and volume of Maybank shares; and hence, it supports our contention that the information is far from being price sensitive.

We would like to assure you that Maybank continues to abide by all legal and regulatory requirements. The disclosure made recently was in line with the principles of good corporate governance and we believe this will go a long way to promote the growth and development of the Malaysian capital market.

Thank you.