Pursuant to Paragraph 9.19(23) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, Malayan Banking Berhad ("Maybank") wishes to announce that Maybank has established a wholly owned subsidiary with the acquisition of two (2) ordinary shares of RM1.00 each representing the entire issued and paid-up capital of Maybank Shared Services Sdn Bhd ("Maybank Shared Services") for cash at par on 21 May 2013 (“Establishment”). The objective of establishing Maybank Shared Services is to provide IT shared services to Maybank Group.  Maybank Shared Services will act as a vehicle to develop, maintain and standardise the Maybank Group’s IT system across the region.

The authorised share capital of Maybank Shared Services is RM100,000 divided into 100,000 ordinary shares of RM1.00 each.  The issued and paid-up share capital of Maybank Shared Services is RM2.00 comprising of two (2) ordinary shares of RM1.00 each.

Maybank had on 26 November 2012 obtained Bank Negara Malaysia’s approval for the Establishment pursuant to Section 29 of the Banking and Financial Institutions Act 1989.

The Establishment is not expected to have any material impact on the earnings, net assets and gearing of Maybank for the financial year ending 31 December 2013.

To the best of Maybank’s knowledge, none of the Directors and/or major shareholders of Maybank and/or persons connected with them have any interest, direct or indirect in the Establishment.

This announcement is dated 21 May 2013.