Cessation of Subsidiary - ATR Kim Eng Land, Inc.

Maybank wishes to announce that Maybank ATR Kim Eng Capital Partners, Inc. (“MATRKE Capital”), an indirect subsidiary of Maybank through Maybank Kim Eng Holdings Limited (“MKEH”), has sold 3,100,000 common shares representing 100% ownership in ATR Kim Eng Land, Inc. (“ATRKE Land”) to Rockwell Primaries Development Corp., ATR Holdings, Inc. and Dragon Eagle International Limited on 22 December 2014 (“Closing Date”) (the “Sale”). The total assets of ATRKE Land as at 30 November 2014 is Php1.07 billion (approximately RM83.7 million).

The Sale was completed as part of MKEH’s initiative to divest its non-core assets. ATRKE Land ceased to be an indirect subsidiary of Maybank with effect from the Closing Date.

The Sale will not have any effect on the share capital of Maybank and substantial shareholders’ shareholdings in Maybank and does not have any material effect on the consolidated earnings and net assets of Maybank for the financial year ending 31 December 2014. 

The Sale will not have any material effect on the earnings or assets of Maybank for the financial year ending 31 December 2014. None of the directors and substantial shareholders of Maybank and/or persons connected to them have any interest, direct or indirect, in the Sale. 

This announcement is dated 23 December 2014.