Additional Compliance Information as at 30 June 2010

1. Utilisation of Proceeds

The Company’s subsidiary, BII, had in April 2010 issued a Rp.1.407 trillion Rights Issue. The proceeds will be used principally for credit expansion as part of BII’s plan to further grow its business and strengthen its capital structure.

2. Share Buy-back

The Company did not make any proposal for share buy-back during the financial year under review.

3. Options, warrants or convertible securities

Maybank did not issue any options, warrants or convertible securities during the financial year ended 30 June 2010.

4. Imposition of sanctions and/or penalties

Save for the following, there were no other sanctions and/or penalties imposed on Maybank by the relevant regulatory bodies, which were made public during the financial year under review:-

(i) Following the global financial crisis, the Monetary Authority of Singapore (“MAS”) had looked into the sale and marketing of structured notes linked to Lehman Brothers by 10 financial institutions in Singapore and directed suspension on sale of structured notes by these institutions for periods ranging from 6 months to 2 years. Maybank Singapore was one of the financial institutions placed on a 6-month suspension period and the directive has been uplifted on 12 February 2010.

5. Non-audit fees

Non-audit fees payable to the external auditors, Messrs. Ernst & Young, for the year amounted to RM3,452,000 for the Group and RM2,543,000 for the Bank.

6. Variation in results

There was no profit forecast issued by Maybank and its subsidiary companies during the year.

7. Profit guarantee

There was no profit guarantee issued by Maybank and its subsidiary companies during the year.

8. Material Contracts

There were no material contracts entered into by the Company and its subsidiaries involving Directors and substantial shareholders, either still subsisting at the end of the financial year under review or entered into since the end of the previous financial year.

9. Valuation Policy

The Company does not value its landed properties classified as Property and Equipment. The revaluation policy on landed properties classified as Investment Properties are disclosed in Note 3(ix) of the financial statements (Annual Report 2010).
 

10. Recurrent Related Party Transactions of a Revenue or Trading Nature (“RRPT”)

The Company did not seek any mandate from its shareholders nor enter into any RRPT, which are necessary for its day-to-day operation on terms not more favourable to the related party than those generally available to the public and are not to the detriment of the minority shareholders for the financial year under review.