Malayan Banking Berhad ("Maybank") wishes to announce that the Company had on 25 June 2012, disposed of 52,993,240 ordinary shares of RM0.11 each in the issued share capital of Luster Industries Berhad ("Luster").  This has resulted in Maybank's shareholding in Luster to have fallen below 5% of its issued and paid-up capital and as such, Maybank had ceased to be a substantial shareholder of Luster.

Earlier,  Maybank had on 12 June 2012, acquired (by subscribing) 64,159,910 ordinary shares of RM0.10 each in the issued share capital of Luster, representing 5.95% of its total issued and paid up capital, pursuant to the exercise of debt to equity conversion (“Subscription”).  The Subscription was in accordance with a Debt Settlement Agreement dated 25 November 2011 involving Luster.

This announcement is made pursuant to Paragraph 9.19 (26) of the MMLR and is dated 27 June 2012