Maybank wishes to announce that Maybank Kim Eng Holdings Limited ("MKEH"), an indirect wholly owned subsidiary of Maybank had on 25 October 2013 ("Closing Date") disposed a total of 958,923,466 of the common shares in Maybank ATR Kim Eng Financial Corporation ("Maybank ATRKE Financial" or "the Company"), representing 89.75% of the outstanding capital stock of Maybank ATRKE Financial at a price of Php3.3298 per share ("Disposal").

Maybank ATRKE Financial, the investment holding company of Maybank's investment banking business in the Philippines, shall cease to be an indirect subsidiary of Maybank with effect from the Closing Date. The Disposal is part of an internal restructuring exercise within the MKEH group of companies.

All of the assets of Maybank ATRKE Financial have been transferred to Maybank ATR Kim Eng Capital Partners, Inc. (“MATRKECP”), an indirect wholly owned subsidiary of Maybank and MATRKECP has assumed all of the liabilities of the Company as the Closing Date. The transfer of assets to MATRKECP shall include the Company’s shareholdings in its subsidiaries, AsianLife and General Assurance Corporation and ATR Kim Eng Land, Inc. As a consequence of the foregoing, the current businesses of Maybank ATRKE Financial have been consolidated under MATRKECP.

The Disposal will not have any effect on the share capital of Maybank and substantial shareholders' shareholdings in Maybank, and does not have any material effect on the consolidated earnings and net assets of Maybank for the financial year ending 31 December 2013.

None of the directors and substantial shareholders of Maybank and/or persons connected to them have any interest, direct or indirect, in the Disposal.

This announcement is dated 25 October 2013.