| Type | Announcement |
| Subject | MALAYAN BANKING BERHAD ("MAYBANK") EXTENSION OF PERIOD TO FULFILL MANDATORY SELL-DOWN REQUIREMENT FOR PT BANK INTERNASIONAL INDONESIA ("BII") ("SELL-DOWN REQUIREMENT") |
| Contents | (Unless otherwise stated, the definitions used in this announcement shall carry the same meaning as defined in the announcement dated 16 September 2008) We refer to Maybank's announcement dated 16 September 2008 in relation to the Sell-Down Requirement in respect of their stake in BII. On behalf of Maybank, Maybank Investment Bank Berhad wishes to announce that on 2 December 2010, Maybank received a letter dated 30 November 2010 from Badan Pengawas Pasar Modal and Lembaga Keuangan ("Bapepam"), wherein Bapepam granted an extension of time for Maybank to fulfill the Sell-Down Requirement and complete the sell-down exercise by 1 June 2011. Maybank may request for further extension if the sell down exercise would result in Maybank incurring a potential loss in excess of 10% of Maybank's original value of BII acquisition, preferably 2 weeks before 1 June 2011. This announcement is dated 3 December 2010. |
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| Company Name | MALAYAN BANKING BERHAD |
| Stock Name | MAYBANK |
| Date Announced | 3 Dec 2010 |
| Category | General Announcement |
| Reference No | MI-101203-52623 |