Reference is made to the Company’s announcements dated 8 April 2019 and 9 May 2019 in relation to the Dividend Reinvestment Plan.

On behalf of the Board of Directors of MBSB, AmInvestment Bank Berhad (“AmInvestment Bank”) wishes to announce that Bursa Malaysia Securities Berhad (“Bursa Securities”) had vide its letter dated 14 May 2019, granted its approval for the listing and quotation for up to 414,876,708 new MBSB Shares to be issued pursuant to the Dividend Reinvestment Plan, subject to the following conditions:-

1. MBSB and AmInvestment Bank must fully comply with the relevant provisions under the Main Market Listing Requirements of Bursa Securities pertaining to the implementation of the Dividend Reinvestment Plan;
2. MBSB/Amlnvestment Bank to furnish Bursa Securities with the certified true copies of the resolutions passed by the shareholders at the General Meeting approving the final dividend for the financial year ended 31 December 2018 and the renewal of authority for MBSB to allot new ordinary shares for the purpose of the Dividend Reinvestment Plan, prior to the listing and quotation of the new ordinary shares to be issued pursuant to the Dividend Reinvestment Plan;
3. MBSB and AmInvestment Bank to inform Bursa Securities upon the completion of the Dividend Reinvestment Plan; and
4. MBSB to furnish Bursa Securities with a written confirmation of its compliance with the terms and conditions of Bursa Securities’ approval once the Dividend Reinvestment Plan is completed.

For the purpose of calculating the number of new MBSB Shares to be issued pursuant to the Dividend Reinvestment Plan, the issue price of such new MBSB Shares shall not be at more than ten percent (10%) discount to the volume weighted average price (“VWAP”) of MBSB Shares for the five (5) days immediately prior to the price-fixing date (“Issue Price”).  The VWAP shall be adjusted ex-dividend before applying the discount in fixing the Issue Price.  The Issue Price shall be announced on or before the announcement of the books closure date for the Dividend Reinvestment Plan. 

This announcement is dated 14 May 2019.