Reference is made to the announcements dated 10 March 2016, 14 March 2016, 15 April 2016 and 5 May 2016 (“Earlier Announcements”) and the circular dated 20 April 2016 (“Circular”) in relation to the Rights Issue. Unless otherwise stated, defined terms in this announcement shall carry the same meanings as defined in the Earlier Announcements and Circular.

On behalf of the Board, the Joint Advisers wish to announce that the Board had resolved to fix the following:-

1. the Issue Price for the Rights Shares at RM1.00 each, of which the First Call of RM0.59 for each Rights Share will be payable in cash on application and the Second Call of RM0.41 for each Rights Share will be capitalised from MBSB's share premium account; and
2. the entitlement basis of one (1) Rights Share for every one (1) existing MBSB Share held by the Entitled Shareholders.

The First Call of RM0.59 represents a discount of RM0.29 or approximately 33.0% to the TERP of MBSB Shares of RM0.88 based on the five (5)- market day VWAP of MBSB Shares up to and including 8 June 2016, being the last trading date prior to the date of this announcement of RM1.1739.

In addition, the Joint Advisers also wish to announce that MBSB had on 9 June 2016, entered into a managing and underwriting agreement with the joint managing underwriters, namely, AmInvestment Bank and RHB Investment Bank as well as the joint underwriters, namely, AmInvestment Bank, RHB Investment Bank, Affin Hwang Investment Bank Berhad, Maybank Investment Bank Berhad and MIDF Amanah Investment Bank Berhad, to underwrite the remaining portion of 1,051,491,355 Rights Shares, representing approximately 36.3% of the total issue size of the Rights Issue, based on the First Call of RM0.59 per Rights Share, that is not covered by the Employees Provident Fund Board’s (“EPF”) undertaking.

MBSB had obtained an irrevocable written undertaking dated 10 March 2016 from its major shareholder, EPF, to subscribe in full for its entitlement under the Rights Issue based on its shareholdings of 1,847,895,724 MBSB Shares as at 4 March 2016.

This announcement is dated 9 June 2016.