Malayan Banking Berhad - Consent Solicitation - Results (LIBOR)

RESULTS OF MEETINGS IN CONNECTION WITH THE NOTES UNDER THE U.S.$15,000,000,000 MULTICURRENCY MEDIUM TERM NOTE PROGRAMME

19 APRIL 2023

Full announcement including disclaimers and offer restrictions available via SGX

"Results of Meetings

The Meetings to consider the Noteholder Proposal were held on 19 April 2023. The Issuer wishes to announce that at the Meeting in respect of the Series 92 Notes (the "Series 92 Notes Meeting"), the relevant Extraordinary Resolution relating to the Series 92 Notes was duly passed, the Noteholder Proposal was approved without any amendment, and that the Eligibility Condition was satisfied.

The Extraordinary Resolution passed in respect of the Series 92 Notes is binding on all Noteholders of the Series 92 Notes, whether they were present or not at the relevant Meeting and whether or not they voted or voted in favour of or against the relevant Extraordinary Resolution.

The Issuer will now therefore proceed with the implementation of the Noteholder Proposal by arranging execution of the Amendment Documents for the Series 92 Notes.

The Issuer also wishes to announce that the Meetings in respect of the Series 82 Notes, the Series 96 Notes and the Series 101 Notes (the "Relevant Meetings") have been adjourned for want of quorum. The Relevant Meetings are adjourned for a period not less than 14 days nor more than 42 days and the adjourned Relevant Meetings will be held at such time and in such place as will be notified to the Noteholders by the Issuer in a notice of the adjourned Relevant Meetings. The adjourned Relevant Meetings will be held in accordance with the terms of the Agency Agreement and the Consent Solicitation Memorandum. The notice of the adjourned Relevant Meetings will specify the revised anticipated effective date for the relevant Series or specify that the effective date is unchanged from the Relevant Meetings, as the case may be. If the relevant Extraordinary Resolution is passed at the relevant adjourned Relevant Meeting and the Eligibility Condition is satisfied, the modifications with respect to the relevant Notes of that Series described in the Consent Solicitation Memorandum will take effect on and from the relevant effective date to be set out in the relevant notice of the adjourned Relevant Meetings."

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COMMENCEMENT OF CONSENT SOLICITATION EXERCISE BY THE ISSUER IN CONNECTION WITH THE NOTES ISSUED PURSUANT TO THE U.S.$15,000,000,000 MULTICURRENCY MEDIUM TERM NOTE PROGRAMME

27 MARCH 2023

Full announcement including disclaimers and offer restrictions available via SGX

"The Issuer wishes to announce that it has today commenced a consent solicitation process to seek the approval of the Noteholders of the relevant Series by a separate Extraordinary Resolution of the holders of each Series of Notes of, inter alia, the modification of the terms and conditions of the relevant Series of Notes and consequential or related amendments to the agency agreement for the relevant Series of Notes, such that on and from the relevant Effective Date (i) the existing '3-month USD LIBOR' interest basis of the relevant Series of Notes shall be replaced by the 'SOFR Compounded Index' ("SOFR") interest basis; (ii) an adjustment of 0.26161 per cent. per annum is made to reflect the economic difference between the USD-LIBOR and SOFR rates; and (iii) the relevant Margin (as defined in the relevant Pricing Supplement) of the relevant Series of Notes remains unaltered, all as proposed by the Issuer (the "Consent Solicitations") and as further described in the Consent Solicitation Memorandum."

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