Reference is made to the announcements dated 25 August 2016 and 30 August 2016 in relation to the 13th DRP.

On behalf of the Board of Directors of Malayan Banking Berhad (“Maybank”) (“Board”), Maybank Investment Bank Berhad (“Maybank IB”) wishes to announce that Bursa Malaysia Securities Berhad (“Bursa Securities”) had, vide its letter dated 8 September 2016, approved the listing of and quotation for up to 253,789,616 new ordinary shares of RM1.00 each in Maybank (“Maybank Shares”) on the Main Market of Bursa Securities to be issued pursuant to the 13th DRP (“Listing Application”).

The approval by Bursa Securities for the Listing Application is subject to the following conditions:

(i)   Maybank and its adviser must fully comply with the relevant provisions under the Main Market Listing Requirements of Bursa Securities pertaining to the implementation of the 13th DRP;

(ii)  Maybank and its adviser to inform Bursa Securities upon the completion of the 13th DRP; and

(iii) Maybank to furnish Bursa Securities with a written confirmation of its compliance with the terms and conditions of Bursa Securities’ approval once the 13th DRP is completed.

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 13th DRP applicable to the Interim Cash Dividend has been fixed today (“Price-Fixing Date”) at RM7.25 per new Maybank Share. The issue price is based on the five (5)-day volume weighted average market price (“VWAMP”) of RM7.86 per Maybank Share up to and including 8 September 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 RM0.20 to the five (5)-day VWAMP (“Ex-Dividend VWAMP”); and

(ii) a discount of RM0.41 which is approximately 5.35% discount to the Ex-Dividend VWAMP of RM7.66.

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 13th DRP has been fixed for 27 September 2016.

A copy of the DRP Statement and Notice of Election (including the Dividend Reinvestment Form) will be despatched to all the entitled shareholders of Maybank (save for foreign-addressed shareholders of Maybank) on 29 September 2016 and the election period for the 13th DRP will close on 13 October 2016.

Barring any unforeseen circumstances, the new Maybank Shares arising from the 13th DRP will be listed on the Main Market of Bursa Securities on 26 October 2016.

This announcement is dated 9 September 2016.