We wish to announce that the Company had on 31 July 2018 issued RM500,000,000 of AT1CS under the AT1CS Programme. The tenure of the AT1CS issued is perpetual on a non-callable 5 years. AFFIN Bank, had on 2 July 2018 made a lodgement with the Securities Commission Malaysia (“SC”) pursuant to the SC’s Guidelines on Unlisted Capital Market Products under the Lodge and Launch Framework (issued on 9 March 2015, effective on 15 June 2015 and revised on 8 November 2017) in relation to the establishment of AT1CS Programme.

The AT1CS Programme will give AFFIN Bank the flexibility to raise funds via issuance of AT1CS from time to time, and shall be utilized for the general banking working capital requirements and business purposes of the Company. AT1CS issued from the AT1CS Programme will qualify as Basel III-compliant Additional Tier 1 Capital of AFFIN Bank in accordance with the Capital Adequacy Framework (Capital Components) issued on 2 February 2018 by Bank Negara Malaysia. The AT1CS Programme has been assigned a rating of A3 by RAM Rating Services Berhad.

Affin Hwang Investment Bank Berhad (“Affin Hwang”) and Maybank Investment Bank Berhad (“Maybank IB”) are the Joint Principal Advisers, Joint Lead Arrangers and Joint Lead Managers for the AT1CS Programme while Affin Hwang, Maybank IB and CIMB Investment Bank Berhad are the Joint Lead Managers for the first issuance under the AT1CS Programme.

This announcement is dated 31 July 2018.