Reference is made to the Company’s announcements dated 21 December 2016 and 19 June 2017 in relation to the Proposed Merger.

The Board of Directors of MBSB wishes to announce that the Company has on 18 August 2017 received notification from Bank Negara Malaysia (“BNM”) vide its letter dated 18 August 2017, that the Minister of Finance has granted approval for the proposed acquisition by MBSB of 100% interest in the shares of AFB pursuant to the Islamic Financial Services Act 2013.

Further details will be announced upon the finalisation and execution of the definitive agreement.

This Announcement is dated 18 August 2017.