DIVIDEND REINVESTMENT PLAN

DIVIDEND REINVESTMENT PLAN IN RELATION TO THE FINAL CASH DIVIDEND (AS DEFINED HEREIN) ("DRP") UNDERTAKEN BY MALAYAN BANKING BERHAD ("MAYBANK")

MALAYAN BANKING BERHAD

(Company No. 3813-K)

(Incorporated in Malaysia under the Companies Ordinances, 1940-1946)

IF YOU ARE OUR ENTITLED SHAREHOLDERS BASED ON THE RECORD OF DEPOSITORS OF MAYBANK DATED 30 NOVEMBER 2011 ("ENTITLED SHAREHOLDERS") AND WISH TO PARTICIPATE IN THE DRP, YOU MUST COMPLETE AND RETURN THE DIVIDEND REINVESTMENT FORM TO TRICOR INVESTOR SERVICES SDN BHD ("REGISTRAR FOR THE DRP"), SUCH THAT IT REACHES THE REGISTRAR FOR THE DRP ON OR BEFORE THURSDAY, 15 DECEMBER 2011 AT 5.00 P.M., OR SUCH OTHER TIME AND DATE AS MAY BE EXTENDED BY THE BOARD OF DIRECTORS OF MAYBANK ("BOARD") AT ITS SOLE DISCRETION.

IF YOU DO NOT WISH TO REINVEST YOUR CASH DIVIDEND INTO NEW ORDINARY SHARE OF RM1.00 EACH IN MAYBANK ("MAYBANK SHARES") PURSUANT TO THE DRP, YOU DO NOT NEED TO TAKE ANY ACTION. THE PAYMENT OF THE TOTAL DIVIDEND ENTITLEMENT WILL BE MADE TO YOU ON WEDNESDAY, 28 DECEMBER 2011 AS PER THE ARRANGEMENT THAT YOU HAVE DECIDED EARLIER.

Last date and time to submit the Dividend Reinvestment Form

Thursday, 15 December 2011 at 5.00 p.m., or such other time and date as may be extended by the Board at its sole discretion

Issuance and allotment of new Maybank Shares as well as payment of cash dividend to the Entitled Shareholders

Wednesday, 28 December 2011

On 22 August 2011, the Board proposed a final cash dividend in respect of the financial year ended 30 June 2011 of RM0.32 per Maybank Share less 25% taxation ("

Final Cash Dividend"). The Board had also determined that the Dividend Reinvestment Plan will apply to the Final Cash Dividend in which an electable portion of RM0.28 (RM0.21 net of taxation) per Maybank Share held ("Electable Portion") can be elected to be reinvested into new Maybank Shares and the remaining portion of RM0.04 (RM0.03 net of taxation) per Maybank Share held will be paid in cash.

Each Entitled Shareholder has the following options in respect of the Electable Portion:

(a) Elect to receive the Electable Portion in cash; or

(b) Elect to reinvest the entire Electable Portion into new Maybank Shares credited as fully paid-up at the issue price of RM7.30 per new Maybank Share, which was fixed on 15 November 2011.

A copy each of the Information Memorandum together with the DRP Statement, a Notice of Election and a Dividend Reinvestment Form ("

DRP Documents") was despatched to all our Entitled Shareholders (save for the foreign-addressed shareholders) on 2 December 2011.

Any issuance of new Maybank Shares pursuant to the Notice of Election (including the Dividend Reinvestment Form) is subject to the terms and conditions stated in the DRP Documents issued by Maybank. The number of new Maybank Shares and the amount of cash that are set out in the Dividend Reinvestment Form have been computed based on your entitlement for the Final Cash Dividend.

The rationale of Maybank embarking on the DRP is as follows:

(a) To enhance and maximise shareholders’ value via the subscription of new Maybank Shares where the issue price of a new Maybank Share shall be at a discount;

(b) To provide the shareholders with greater flexibility in meeting their investment objectives, as they would have the choice of receiving cash or reinvesting in Maybank through subscription of additional Maybank Shares without having to incur material transaction or other related costs; and

(c) To benefit from the participation by shareholders in the DRP to the extent that if the shareholders elect to reinvest the Electable Portion into new Maybank Shares, the cash which would otherwise be payable by way of dividend will be reinvested to fund the continuing business growth of the Maybank group. The DRP will not only enlarge Maybank’s share capital base and strengthen its capital position, but will also add liquidity of Maybank Shares on the Main Market of Bursa Malaysia Securities Berhad.

You may log on to Maybank’s website (www.maybank.com/drp) for more information on the DRP.

Should you have any further inquiries on the DRP, you may contact the Registrar for the DRP at Level 17, The Gardens North Tower, Mid Valley City, Lingkaran Syed Putra, 59200 Kuala Lumpur (Tel: +603-2264 3883) or email to is.enquiry@my.tricorglobal.com.

If you are in any doubt as to the course of action to be taken, you should consult your stockbroker, bank manager, solicitor, accountant or other professional adviser immediately.

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