Reference is made to the announcements dated 23 February 2012, 20 March 2012 and 28 March 2012 in relation to the 4^th DRP.

On 23 February 2012, the Board of Directors of Maybank (“Board”) announced its consolidated results for the financial period ended 31 December 2011, wherein the Board proposed a final cash dividend in respect of the 6-month financial period ended 31 December 2011 of RM0.36 per Maybank Share less 25% taxation (“Final Cash Dividend”). The Board had determined that the DRP will apply to the Final Cash Dividend in which an electable portion of RM0.32 (RM0.24 net of taxation) per Maybank Share held can be elected to be reinvested in new Maybank Shares and the remaining portion of RM0.04 (RM0.03 net of taxation) per Maybank Share will be paid in cash.

On 28 March 2012, the Board approved the adoption of an additional option to allow Maybank’s shareholders to choose to receive their electable portion partly in cash and to reinvest the remaining portion of the electable portion into new Maybank Shares pursuant to the 4^th DRP and all its future DRPs.

On behalf of the Board, Maybank Investment Bank Berhad (“Maybank IB”) wishes to announce that Bursa Malaysia Securities Berhad (“Bursa Securities”), vide its letter dated 16 April 2012, approved the listing of and quotation for up to 539,254,411 new Maybank Shares to be issued pursuant to the 4^th DRP on the Main Market of Bursa Securities (“Listing Application”).

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

(i)         Maybank and its adviser must fully comply with the relevant provisions under the Main Market Listing Requirements issued by Bursa Securities pertaining to the implementation of the 4^th DRP;

(ii)         Maybank and its adviser to inform Bursa Securities upon the completion of the 4^th 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 4^th DRP is completed.

In addition, on behalf of the Board, Maybank IB wishes to announce that the issue price of new Maybank Shares to be issued pursuant to the 4^th DRP applicable to the Final Cash Dividend has been fixed today (“Price Fixing Date”) at RM8.00 per new Maybank Share. The issue price is based on the five (5)-day volume weighted average market price (“VWAMP”) of RM8.85 per Maybank Share up to and including 16 April 2012, 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 gross dividend adjustment of RM0.36 to the five (5)-day VWAMP (“Ex-Dividend VWAMP”); and

(ii)            a discount of RM0.49 which is approximately 5.77% discount to the Ex-Dividend VWAMP of RM8.49.

On behalf of the Board, Maybank IB will also announce on even date that the book closure date pursuant to the Final Cash Dividend and 4^th DRP has been fixed for 2 May 2012.

Barring any unforeseen circumstances, the new Maybank Shares arising from the DRP will be listed on the Main Market of Bursa Securities on 5 June 2012.

This announcement is dated 17 April 2012.