Reference is made to the announcements dated 27 August 2015, 1 September 2015 and 7 September 2015 in relation to the 11th DRP.

On 27 August 2015, the Board of Directors of Malayan Banking Berhad (“Maybank”) (“Board”) announced its consolidated results for the financial period ended 30 June 2015, wherein the Board declared a single-tier interim cash dividend in respect of the financial year ending 31 December 2015 of RM0.24 per ordinary share of RM1.00 each in Maybank (“Maybank Share”) held (“Interim Cash Dividend”). The Board had also determined that the dividend reinvestment plan will apply to the Interim Cash Dividend, in which an electable portion of RM0.20 per Maybank Share held can be elected to be reinvested into new Maybank Shares and the remaining portion of the Interim Cash Dividend of RM0.04 per Maybank Share held will be paid in cash.

On behalf of the Board, Maybank IB wishes to announce that the issue price of the new Maybank Shares to be issued pursuant to the 11th DRP applicable to the Interim Cash Dividend has been fixed today (“Price-Fixing Date”) at RM7.50 per new Maybank Share. The issue price is based on the five (5)-day volume weighted average market price (“VWAMP”) of RM8.53 per Maybank Share up to and including 23 September 2015, being the last trading day prior to the Price-Fixing Date for the issue price of new Maybank Shares after adjusting for the following:

(i)  a dividend adjustment of RM0.24 to the five (5)-day VWAMP (“Ex-Dividend VWAMP”); and 

(ii) a discount of RM0.79 which is approximately 9.53% discount to the Ex-Dividend VWAMP of RM8.29.

On behalf of the Board, Maybank IB also wishes to announce on even date that the book closure date pursuant to the Interim Cash Dividend and the 11th DRP has been fixed for 12 October 2015.

Barring any unforeseen circumstances, the new Maybank Shares arising from the 11th DRP will be listed on the Main Market of Bursa Malaysia Securities Berhad on 12 November 2015.

This announcement is dated 25 September 2015.