BURSA ANNOUCEMENTS

Date : 23 October 2000

ARTICLE ENTITLED: "MALAYSIAN BANKING GROUP AMMB MAY ALTER MERGER PLAN"

AMMB HOLDINGS BERHAD

TypeReply to query
Reply to Query Letter by KLSE reference IDME-001020-36313
SubjectARTICLE ENTITLED:
"MALAYSIAN BANKING GROUP AMMB MAY ALTER MERGER PLAN"

Contents :

We refer to your letter dated 20 October, 2000 in respect of the above article in New Straits Times, Business Section, on Friday, 20 October, 2000.


We wish to advise that AMMB Holdings Berhad (“AHB”) is reviewing the terms of the proposed merger and will be holding further discussion with Utama Banking Group Berhad.

Further details will be made available at the appropriate time.

This announcement is dated 23 October, 2000.

Query Letter Contents :

We refer to the above article appearing in New Straits Times, Business section,
page 23, on Friday, 20 October 2000, a copy of which is enclosed for your
reference.
In particular, we would like to draw your attention to the underlined
sentences, which are reproduced as follows:-
"MALAYSIAN banking group AMMB Holdings is considering offering a stake to Utama
Banking Group in a revised merger plan..."
""The new plan will not involve the setting up of a new company ..."
"Instead, Utama will be compensated with a stake in AMMB."


In accordance with the Exchange's Corporate Disclosure Policy, you are
requested to furnish the Exchange with an announcement for public release
confirming or denying the above reported article and in particular the
underlined sentences after due and diligent enquiry with all the directors,
substantial shareholders and all such other persons reasonably familiar with
the matters about which the disclosure is to be made in this respect. In the
event you deny the above sentences or any other part of the above article, you
are required to set forth facts sufficient to clarify any misleading aspects of
the same. In the event you confirm the above sentences or any other part of the
above article, you are required to set forth facts sufficient to support the
same.
Please furnish the Exchange with your reply within one (1) market day from the
date hereof.
Yours faithfully
KUALA LUMPUR STOCK EXCHANGE

Chong Fui Tzy
Manager, Listing Operations
ASL/MEM
cc:Securities Commission (via fax)



Announcement Info

Company NameAMMB HOLDINGS BERHAD  
Stock Name AMMB    
Date Announced23 Oct 2000  
CategoryGeneral Announcement
Reference NoAH-001023-BFF8F