(Unless otherwise stated, all abbreviations and definitions used herein shall have the same meaning as those used in the Company’s announcement dated 13 December 2017)

Reference is made to Maybank’s announcements dated 13 December 2017, 12 January 2018, 18 January 2018, 24 January 2018, 7 March 2018, 9 March 2018, 23 March 2018 and 20 April 2018 in relation to the Proposals.

The Board of Directors of Maybank wishes to announce that MAMG had on 16 May 2018 issued separate letters of confirmation to the following parties:

(i) ASNB to confirm the fulfilment of the AMB-CPs which are to be fulfilled by MAMG and vary the terms of the AMB SPA relating to the completion date of the AMB SPA and the definition of "Management Accounts", which was accepted by ASNB on even date (“MAMG AMB-CPs Confirmation Letter”); and

(ii) PIL to confirm the fulfilment of the SUTL-CPs which are to be fulfilled by MAMG and vary the terms of the SUTL SPA relating to the completion date of the SUTL SPA and the definition of "Management Accounts", which was accepted by PIL on even date (“MAMG SUTL-CPs Confirmation Letter”).

In addition:

(i) ASNB had on 16 May 2018 issued a letter of confirmation to MAMG to confirm the fulfilment of the AMB-CPs which are to be fulfilled by ASNB and vary the terms of the AMB SPA relating to the completion date of the AMB SPA and the definition of "Management Accounts", which was accepted by MAMG on even date (“ASNB AMB-CPs Confirmation Letter”);

(ii) ASNB had on 16 May 2018 issued a second supplemental letter to MAMG to vary the term of the AMB SPA relating to the definition of "Management Accounts", which was accepted by MAMG on even date (“AMB SPA Second Supplemental Letter”);

(iii) PIL had on 16 May 2018 issued a letter of confirmation to MAMG to confirm the fulfilment of the SUTL-CPs which are to be fulfilled by PIL and vary the terms of the SUTL SPA relating to the completion date of the SUTL SPA and the definition of "Management Accounts", which was accepted by MAMG on even date (“PIL SUTL-CPs Confirmation Letter”); and

(iv) PIL had on 16 May 2018 issued a second supplemental letter to MAMG to vary the term of the SUTL SPA relating to the definition of "Management Accounts" and to vary the designated account details of PIL, which was accepted by MAMG on even date (“SUTL SPA Second Supplemental Letter”).

Please refer to the Appendix of this Announcement for the:

(i) comparison of the revised terms set out in the MAMG AMB-CPs Confirmation Letter, ASNB AMB-CPs Confirmation Letter and AMB SPA Supplemental Letter against the original terms in the AMB SPA; and

(ii) comparison of the revised terms set out in the MAMG SUTL-CPs Confirmation Letter, PIL SUTL-CPs Confirmation Letter and SUTL SPA Supplemental Letter against the original terms in the SUTL SPA.

In view of the MAMG AMB-CPs Confirmation Letter, ASNB AMB-CPs Confirmation Letter, AMB SPA Second Supplemental Letter, MAMG SUTL-CPs Confirmation Letter, PIL SUTL-CPs Confirmation Letter and SUTL SPA Second Supplemental Letter, the AMB-CPs and SUTL-CPs in relation to the Proposed Acquisitions have been fulfilled and the AMB SPA and SUTL SPA have become unconditional today.

This announcement is dated 16 May 2018.