Reference is made to the announcements dated 24 August 2017 and 30 August 2017 in relation to the 15th 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 18 September 2017, approved the listing and quotation of up to 255,422,018 new ordinary shares of Maybank (“Maybank Shares”) on the Main Market of Bursa Securities to be issued pursuant to the 15th DRP (“Listing Application”).

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

(i) Maybank and Maybank IB must fully comply with the relevant provisions under the Main Market Listing Requirements of Bursa Securities pertaining to the implementation of the 15th DRP;

(ii) Maybank and Maybank IB to inform Bursa Securities upon the completion of the 15th 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 15th DRP is completed.

On behalf of the Board, Maybank IB also wishes to announce that the issue price of the new Maybank Shares to be issued pursuant to the 15th DRP applicable to the Interim Cash Dividend has been fixed today (“Price-Fixing Date”) at RM9.00 per new Maybank Share. The issue price is based on the five (5)-day volume weighted average market price (“VWAMP”) of RM9.68 per Maybank Share up to and including 15 September 2017, 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 RM0.23 to the five (5)-day VWAMP (“Ex-Dividend VWAMP”); and

(ii) a discount of RM0.45 which is approximately 4.76% discount to the Ex-Dividend VWAMP of RM9.45.

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 15th DRP has been fixed for 3 October 2017.

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 5 October 2017 and the election period for the 15th DRP will close on 20 October 2017.

Barring any unforeseen circumstances, the new Maybank Shares arising from the 15th DRP will be listed on the Main Market of Bursa Securities on 2 November 2017.

This announcement is dated 18 September 2017.