Reference is made to the announcements dated 10 March 2016, 14 March 2016, 15 April 2016, 5 May 2016 and 9 June 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.

The Board had on 9 June 2016 announced the fixing of the entitlement basis, Issue Price, First Call and Second Call of the Rights Issue.  Accordingly, the proceeds to be raised from the Rights Issue would be approximately RM1.711 billion based on the enlarged issued paid-up share capital of MBSB of 2,899,387,079 (after taking into consideration the issued and paid-up share capital of MBSB as at 3 June 2016, the new MBSB Shares to be issued pursuant to the dividend reinvestment plan and the exercise of warrants).

In view of the lower proceeds to be raised, on behalf of the Board, the Joint Advisers wish to announce that the utilisation of proceeds shall be revised as follows:-

Note:-

*From the date of listing of the Rights Shares.

Further details will be set out in the Abridged Prospectus in relation to the Rights Issue which will be despatched to the Entitled Shareholders in due course.

This announcement is dated 10 June 2016.