We refer to the announcements dated 16 September 2008, 3 December 2010, 31 May 2011, 3 January 2012, 6 July 2012, 2 January 2013, 20 June 2013 and 18 July 2013 in relation to the Sell Down Requirement in respect of Malayan Banking Berhad (“Maybank”)’s stake in BII.

Maybank wishes to announce that Maybank Group (“Group”) has disposed of 5,675,040,000 ordinary shares in BII, representing approximately 9.3% of the issued and paid-up share capital of BII, to a third party investor (“Disposal”). The Disposal was completed on 22 November 2013. The Group has also entered into a commercial arrangement where the economic exposure resulting from the Disposal is being retained. Hence, the Disposal will not result in any material financial impact to the Group.

With the completion of the Disposal, the free float of BII shares has increased from around 11.7% to 20% of the issued and paid-up share capital of BII.

The Disposal was undertaken to ensure compliance with the Otoritas Jasa Keuangan ("OJK”)'s mandatory sell down requirement under the OJK Regulation No. IX.H.1 in respect to Maybank's acquisition of BII in 2008.

The Group is now in full compliance with the Sell Down Requirement which seeks to achieve a 20% public float in BII.