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Conversion of 165 Million Redeemable Convertible Preference Shares of RM1.00 each To 330 Million Ordinary Shares Of RM1.00 Each

BackAug 21, 2008
We refer to the announcements dated 2 July 2003, 9 July 2003 and 25 August 2003.

We wish to inform that the Redeemable Convertible Preference Shares ("RCPS") has, with effect from 3.00 p.m. on 21st August 2008 ("Maturity Date") expired and in accordance with the Subscription Agreement dated 6 March 2003, all outstanding RCPS will be automatically converted into new ordinary shares within 30 days commencing immediately after Maturity Date.

The conversion price was, on 9 July 2003 fixed at two (2) new ordinary shares of RM1.00 each in the capital of Malaysia Building Society Berhad for every one (1) ordinary RCPS held.

This announcement dated 21 August 2008.