Non-compliance with the public shareholding spread requirement under Paragraph 8.15(1) of the Listing Requirements of Bursa Malaysia Securities Berhad ("Bursa Securities")
The Board of Directors of Malaysia Building Society Berhad ("MBSB / the Company") wishes to announce that following the conversion of 165,000,000 Redeemable Convertible Preference Shares of RM1.00 each to 330,000,000 ordinary shares of RM1.00 each, the public shareholding spread of the Company has dropped to 20.13% held by 13,698 public shareholders as at 26 August 2008.
Based on the above, the Company is not in compliance with Paragraph 8.15(1) of the Listing Requirements of Bursa Securities. The Company has on 27 August 2008 submitted an application for approval to Bursa Securities to accept a percentage lower than 25% of the total number of listed shares pursuant to Practice Note No. 19/2006.
This announcement is dated 27 August 2008.