Malayan Banking Berhad ("Maybank") wishes to announce that one of its subsidiaries, Maydis Berhad ("Maydis") which had been placed under members’ voluntary liquidation on 10 December 2010, has held its Final Meeting on 10 December 2012.

Maydis was previously engaged in the business of a discount house and has been dormant since 2005 following the merger of Maydis with Aseambankers Malaysia Berhad to form Maybank Investment Bank Berhad ("Maybank IB"). The liquidation of Maydis is part of the corporate rationalisation exercise at Maybank IB which aims to unlock value in its dormant subsidiaries and streamline Maybank IB group's capital structure.

The dissolution of Maydis will not have any material effect on the earnings or assets of Maybank Group for the financial year ending 31 December 2012.

None of the directors or substantial shareholders of Maybank or persons connected to them has any interest in the voluntary liquidation.

On the expiration of 3 months after the lodgement of the related statutory return with the Companies Commission of Malaysia, Maydis shall be dissolved.

This announcement is dated 10 December 2012.