(Unless otherwise stated, all abbreviations used in this announcement shall have the same meaning as defined in the Company’s announcement dated 25 September 2020 and the Company’s circular to shareholders in relation to the SCR dated 30 October 2020)

We refer to the announcements dated 26 August 2020, 28 August 2020, 2 September 2020, 25 September 2020, 29 September 2020, 28 October 2020, 30 October 2020, 30 November 2020, 31 December 2020, 27 January 2021 and 26 February 2021 in relation to the SCR.

On behalf of the Board, Maybank IB wishes to announce that the High Court had on 3 March 2021 granted a sealed order confirming the reduction of the issued share capital of the Company in accordance with Section 116 of the Act ("High Court Order").

Following the above, Kwantas will proceed to lodge an office copy of the High Court Order with the Registrar of Companies pursuant to Section 116(6) of the Act ("Lodgement"). The SCR will become effective upon the Lodgement.

The entitlement date in respect of the SCR will be announced in due course according to the timetable for implementation as announced on 26 February 2021.

This announcement is dated 3 March 2021.