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Aseambankers Malaysia Berhad, on behalf of the Board of Directors of TCB, is pleased to announce that the Securities Commission ("SC") has on 5 December 2000 approved the Proposed ESOS for the benefit of the eligible executives and executive directors of TCB and its subsidiaries ("TCB Group"), as follows:

(i) Establishment of the executive share option scheme ("ESOS") up to a maximum of 10% of the issued and paid-up share capital of TCB; and

(ii) Listing and quotation for the new shares of TCB to be issued arising from the implementation of the ESOS on the Main Board of the Kuala Lumpur Stock Exchange.

The above SC's approval is subject to the following:-

(i) The final list of allocation of the options for the eligible executives and executive directors of TCB is to be submitted to the SC for approval;

(ii) A copy of the final ESOS bye-laws is to be submitted to the SC for its record;

(iii) A letter from the adviser to confirm that :-

- all the SC's conditions for approval have been complied with and the ESOS bye-laws are not in conflict with the SC's Guidelines on ESOS; and
- the ESOS has been approved by all other relevant parties and has complied with the conditions imposed.

The above SC's approval is also subject to the condition that TCB is required to seek the SC's approval to terminate the ESOS if a termination clause is included in the ESOS bye-laws.

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