Company announcements

Contents :

On behalf of Maybank, Aseambankers Malaysia Berhad ("Aseambankers") is writing in reply to your query dated 10 August 2000 quoting an article appearing in The Sun, Sun Biz section, page 1, on 10 August 2000, as mentioned above.

Maybank wish to inform the Kuala Lumpur Stock Exchange that at this juncture, the negotiation is still on-going and there is no revised offer made nor any sale and purchase agreement executed between the parties involved.

Query Letter Contents :

We refer to the above article appearing in The Sun, Sun Biz section, page 1, on
10 August 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:-
"Malayan Banking Bhd (Maybank) will be making a revised offer to PhileoAllied
Bhd (PAB) that will likely break the deadlock in the ongoing bank merging
exercise."
"The revised deal will be for Maybank to make an all-cash offer to PAB to buy
PhileoAllied Bank Bhd and PhileoAllied Securities Bhd for between RM1.2
billion and RM1.4 billion, subject to final negotiations."

"Sources also say that the revised proposal will also see the possibility that
other subsidiaries of PAB, aside from the bank and the securities arm, will be
retained by PAB which will also get to keep its listing status."

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 reported
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 reported 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


CHONG FUI TZY
Manager, Listing Operations

SA/TPL
c.c. Securities Commission
(Attn: Encik Onn Ismail, Market Surveillance Department)