Maybank intends to seek its shareholders’ approval on the proposed amendments to its M&A (“Proposed Amendments”) at the forthcoming Annual General Meeting (“AGM”) scheduled on 29 March 2012, to bring the Company’s M&A in line with the recent changes introduced by the Main Market Listing Requirements of Bursa Malaysia Securities Berhad and to be consistent with the present practice within Maybank concerning designation of key persons as well as to provide greater clarity to the business of Maybank.

The Proposed Amendments to the M&A are conditional upon the following approvals:-

(a)       Bank Negara Malaysia (“BNM”) (the approval from BNM was obtained vide its letter dated 21 February 2012); and

(b)       The shareholders of Maybank at the forthcoming AGM scheduled on 29 March 2012

The details of the Proposed Amendments to the M&A have been incorporated in Maybank’s Annual Report for the 6-month financial period ended 31 December 2011.

This announcement is dated 7 March 2012.