Reference is made to the Company’s announcement dated 6 May 2020 and 9 June 2020 in relation to the Dividend Reinvestment Plan.

On behalf of the board of Directors of MBSB, AmInvestment Bank Berhad (“AmInvestment Bank”) wishes to announce that Bursa Malaysia Securities Berhad (“Bursa Securities”) had vide its letter dated 15 June 2020, granted its approval for the listing and quotation for up to 503,505,121 new MBSB Shares to be issued pursuant to the Dividend Reinvestment Plan, subject to the following conditions:-

1. MBSB and AmInvestment Bank must fully comply with the relevant provisions under the Main Market Listing Requirements of Bursa Securities pertaining to the implementation of the Dividend Reinvestment Plan;
    
2. MBSB and AmInvestment Bank to inform Bursa Securities upon the completion of the Dividend Reinvestment Plan;
    
3. MBSB to furnish Bursa Securities with a written confirmation of its compliance with the terms and conditions of Bursa Securities’ approval once the Dividend Reinvestment Plan is completed; and
    
4. MBSB to furnish Bursa Securities with a certified true copy of the resolution passed by the shareholders at the forthcoming annual general meeting for the Final Dividend and allotment and issuance of new shares pursuant to the Dividend Reinvestment Plan, prior to the listing and quotation of the new shares.

For the purpose of calculating the number of new MBSB Shares to be issued pursuant to the Dividend Reinvestment Plan, the issue price of such new MBSB Shares shall not be at more than ten percent (10%) discount to the volume weighted average price (“VWAP”) of MBSB Shares for the five (5) days immediately prior to the price-fixing date (“Issue Price”).  The VWAP shall be adjusted ex-dividend before applying the discount in fixing the Issue Price. The Issue Price shall be announced on or before the announcement of the books closure date for the Dividend Reinvestment Plan. 

This announcement is dated 15 June 2020.