(Unless otherwise stated, all abbreviations and definitions used herein shall have the same meaning as those used in the Company’s announcement dated 25 August 2020)

We refer to the announcements dated 25 August 2020, 15 September 2020 and 12 October 2020 in relation to the Proposed Capital Reduction.

On behalf of the Board, Maybank IB wishes to announce that the Company has not received any application under Section 118(2) of the Act for the cancellation of the special resolution passed at the Company’s extraordinary general meeting held on 12 October 2020 for the Proposed Capital Reduction. Pursuant thereto, the Company had, on 30 November 2020, lodged the relevant documents as required by Section 119(1) of the Act with the Registrar of Companies (“ROC”) and subsequently received the notice dated 30 November 2020 issued by the ROC (“Notice”) confirming the reduction of share capital. Pursuant to Section 119(4) of the Act, the Notice shall be conclusive evidence that all the requirements of the Act with respect to the reduction of share capital have been complied with. Accordingly, the Proposed Capital Reduction is effective as at 30 November 2020.

Following the completion of the Proposed Capital Reduction, the issued share capital of the Company is RM614,600,000 comprising 2,041,722,343 RSB Shares.

This announcement is dated 30 November 2020.