Reference is made to the announcements dated 25 February 2016, 6 April 2016 and 19 April 2016 in relation to the 12th DRP.

On 25 February 2016, the Board of Directors of Malayan Banking Berhad (“Maybank”) (“Board”) announced its consolidated results for the financial period ended 31 December 2015, wherein the Board proposed a final single-tier cash dividend in respect of the financial year ended 31 December 2015 of RM0.30 per ordinary share of RM1.00 each in Maybank (“Maybank Share”) held (“Final Cash Dividend”). The Board had also determined that the dividend reinvestment plan will apply to the Final Cash Dividend, in which an electable portion of RM0.24 per Maybank Share held can be elected to be reinvested into new Maybank Shares and the remaining portion of RM0.06 per Maybank Share held will be paid in cash. The Final Cash Dividend was approved by shareholders of Maybank at the annual general meeting of Maybank held on 7 April 2016.

On behalf of the Board, Maybank Investment Bank Berhad (“Maybank IB”) wishes to announce that the issue price of the new Maybank Shares to be issued pursuant to the 12th DRP applicable to the Final Cash Dividend has been fixed today (“Price-Fixing Date”) at RM8.35 per new Maybank Share. The issue price is based on the five (5)-day volume weighted average market price (“VWAMP”) of RM9.13 per Maybank Share up to and including 19 April 2016, 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 RM0.30 to the five (5)-day VWAMP (“Ex-Dividend VWAMP”); and

(ii)  a discount of RM0.48 which is approximately 5.44% discount to the Ex-Dividend VWAMP of RM8.83.

On behalf of the Board, Maybank IB also wishes to announce on even date that the book closure date pursuant to the Final Cash Dividend and the 12th DRP has been fixed for 6 May 2016.

Barring any unforeseen circumstances, the new Maybank Shares arising from the 12th DRP will be listed on the Main Market of Bursa Malaysia Securities Berhad on 6 June 2016.

This announcement is dated 20 April 2016.