Reference is made to Malayan Banking Berhad ("Maybank")’s announcement dated 13 December 2017 in relation to the following proposals:-

(i)  Proposed Acquisition of 100% Equity Interest in Amanah Mutual Berhad and 100% Equity Interest in Singapore Unit Trusts Limited by Maybank Asset Management Group Berhad ("MAMG") for a Total Cash Consideration of RM51.0 million ("Proposed Acquisitions"); and

(ii)  Proposed Subscription by Permodalan Nasional Berhad of 8,336,404 New Ordinary Shares in MAMG, representing 20% of the Enlarged Issued Share Capital of MAMG for a Cash Consideration of RM50.0 million.

The Board of Directors of Maybank wishes to announce that Maybank has today, submitted its application for Bank Negara Malaysia to approve the Proposed Acquisitions.

This announcement is dated 12 January 2018.