The Board of Directors ("Board") of Malayan Banking Berhad ("Maybank") wishes to announce that Maybank, has on 3 August 2026, entered into an Implementation Agreement with Ageas Insurance International NV ("Ageas") for the proposed acquisition (via its wholly-owned subsidiary, Etiqa International Holdings Sdn. Bhd.) of 30.95% equity interest, consisting of 78,001,229 ordinary shares in Maybank Ageas Holdings Berhad ("MAHB") from Ageas for a consideration of RM4.83 billion, after adjusting for an RM800 million dividend proposed to be paid by MAHB on the completion date, of which Ageas' entitlement is RM248 million ("Proposed Acquisition").

Upon completion of the Proposed Acquisition, MAHB will become a wholly-owned subsidiary of Maybank. In conjunction with the completion, Maybank's wholly-owned subsidiary, Etiqa International Holdings Sdn. Bhd., will receive RM552 million from the dividend proposed to be paid by MAHB on the completion date.

The Proposed Acquisition is subject to the prior written approvals of Bank Negara Malaysia ("BNM") being granted to (i) Maybank; and (ii) all substantial shareholders of Maybank in connection with the Proposed Acquisition. Upon receipt of BNM's approvals, Maybank and Ageas will proceed to execute the definitive agreement. Salient information on the Proposed Acquisition is as per the press release attached.

Further announcements in relation to the Proposed Acquisition will be made in due course at the appropriate time.

This announcement is dated 3 August 2026.