Pursuant to Paragraph 9.19(23) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, Malayan Banking Berhad ("Maybank") wishes to announce that Maybank has on 1 February 2018 via its wholly-owned subsidiary, Maybank International Holdings Sdn. Bhd. incorporated a new wholly-owned subsidiary in Singapore, namely Maybank Singapore Limited (the "Incorporation").

Maybank has on 18 December 2017 obtained Bank Negara Malaysia’s approval for the Incorporation pursuant to Section 85 of the Financial Services Act 2013 subject to the approval from the relevant Singapore Authorities.

The Incorporation is not expected to have any material impact on the earnings, net assets and gearing of Maybank for the financial year ending 31 December 2018.

To the best of Maybank’s knowledge, none of the Directors of Maybank and/or persons connected with them have any interest, direct or indirect, in the Incorporation.

Save for their indirect interest through Maybank, none of the major shareholders of Maybank and/or persons connected with them have any interest, direct or indirect, in the Incorporation.

This announcement is dated 2 February 2018.