(Unless otherwise stated, all abbreviations used in this announcement shall have the same meanings as defined in the Company’s announcement dated 26 February 2021 in relation to the Proposed Share Split)

We refer to the Company's announcements dated 26 February 2021 and 2 April 2021 in relation to the Proposed Share Split.

On behalf of the Board, Maybank IB wishes to announce that Bursa Securities has, via its letter dated 9 April 2021, resolved to approve the Proposed Share Split.

The approval by Bursa Securities is subject to the following conditions:

(i) MFCB and Maybank IB must fully comply with the relevant provisions under the Main Market Listing Requirements of Bursa Securities ("Listing Requirements") pertaining to the implementation of the Proposed Share Split;

(ii) MFCB and Maybank IB to inform Bursa Securities upon the completion of the Proposed Share Split;

(iii) MFCB or Maybank IB to furnish Bursa Securities with a certified true copy of the resolution passed by the shareholders at the forthcoming general meeting for the Proposed Share Split;

(iv) MFCB and Maybank IB to furnish Bursa Securities with a written confirmation of its compliance with the terms and conditions of Bursa Securities’ approval once the Proposed Share Split is completed; and

(v) MFCB and Maybank IB are required to make the relevant announcements pursuant to Paragraphs 6.35(2)(a)&(b) and 6.35(4) of the Listing Requirements.

This announcement is dated 9 April 2021.