Reference is made to the announcements dated 16 August 2012 and 5 September 2012 in relation to the 5^th DRP.

On behalf of the Board of Directors of Maybank (“Board”), Maybank Investment Bank Berhad (“Maybank IB”) wishes to announce that Bank Negara Malaysia, vide its letter dated 7 September 2012, granted its approval for Maybank to increase its issued and paid-up share capital through the issuance of up to 451 million new Maybank Shares arising from the implementation of the 5^th DRP.

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 5^th DRP applicable to the interim cash dividend in respect of the financial year ending 31 December 2012 of RM0.32 per Maybank Share less 25% taxation (“Interim Cash Dividend”) has been fixed today (“Price Fixing Date”) at RM8.40 per new Maybank Share. The issue price is based on the five (5)-day volume weighted average market price (“VWAMP”) of RM9.13 per Maybank Share up to and including 6 September 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 RM0.32 to the five (5)-day VWAMP (“Ex-Dividend VWAMP”); and                                                             

(ii)            a discount of RM0.41 which is approximately 4.65% discount to the Ex-Dividend VWAMP of RM8.81.

On behalf of the Board, Maybank IB will also announce on even date that the book closure date pursuant to the Interim Cash Dividend and 5^th DRP has been fixed for 24 September 2012.

Barring any unforeseen circumstances, the new Maybank Shares arising from the DRP will be listed on the Main Market of Bursa Securities on 29 October 2012.

This announcement is dated 7 September 2012.