Reference is made to the announcements dated 30 August 2018 and 4 September 2018 in relation to the 17th 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 14 September 2018 (which was received on 18 September 2018), approved the listing and quotation of up to 139,607,094 new ordinary shares of Maybank (“Maybank Shares”) on the Main Market of Bursa Securities to be issued pursuant to the 17th 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 17th DRP;

(ii) Maybank and Maybank IB to inform Bursa Securities upon the completion of the 17th 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 17th DRP is completed.

On behalf of the Board, Maybank IB also wishes to announce that the issue price of new Maybank Shares to be issued pursuant to the 17th DRP has been fixed today (“Price-Fixing Date”) at RM8.80 per new Maybank Share. The issue price is based on the five (5)-day volume weighted average market price (“VWAMP”) of RM9.83 per Maybank Share up to and including 18 September 2018, 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 RM0.25 to the five (5)-day VWAMP (“Ex-Dividend VWAMP”); and

(ii) a discount of RM0.78 which is approximately 8.14% discount to the Ex-Dividend VWAMP of RM9.58.

On behalf of the Board, Maybank IB also wishes to announce that the book closure date for the interim cash dividend in respect of the financial year ending 31 December 2018 and the 17th DRP has been fixed on 2 October 2018.

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 4 October 2018 and the election period for the 17th DRP will close on 18 October 2018.

Barring any unforeseen circumstances, the new Maybank Shares arising from the 17th DRP will be listed on the Main Market of Bursa Malaysia Securities Berhad on 31 October 2018.

This announcement is dated 18 September 2018.