30 June 2006

Maybank today announced its strategic alliance with MoneyGram International Ltd offering worldwide money transfer. This international remittance service is a strategic partnership with MoneyGram International and is available at Maybank branches and Bureau de Change that display the MoneyGram logo.

An official launch of MoneyGram service was held at Dataran Maybank today between Maybank and MoneyGram International Ltd. The joint launch was officiated by Datuk Johar Che Mat, Senior Executive Vice President and Head of Retail Financial Services Maybank and Mr. John Hempsey, CEO of MoneyGram International Ltd.

MoneyGram International, Inc. is a leading global payment services company. The company’s major products and services include global money transfers, money orders and payment processing solutions for financial institutions and retail customers. MoneyGram is a New York Stock Exchange listed company, with over US$970 million in revenue in 2005.

“We are happy to extend our service with MoneyGram. This international remittance service taps on Maybank’s network as well as MoneyGram’s global network offering many conveniences and benefits to customers. Reliability and speedy transaction processing are the top qualities of this important service. It is a secure, reliable, convenient and a fast way of sending and receiving money anywhere. Funds can be transferred person-to-person around the world in as little as 10 minutes, subject to the agent’s hours of operations and local regulations,” said Datuk Johar.

Datuk Johar also added,” The sender or receiver need not require a bank account or credit card as cash is only used for the transaction. This means anyone can use the service. The application procedure is also simple and requires only some form of identification to send and receive the money. This service is therefore suited to anyone who wants to send money quickly to anyone overseas, particularly those who work overseas or those who require cash in an emergency. It gives peace of mind because it eliminates the risk associated with carrying cash across borders or using unauthorized money transfer services.”

“We are extremely delighted to announce this partnership. From now, more and more foreign workers, expatriates and local citizens in Malaysia can have immediate access of our international network instantly. Customers can send cash to approximately 92,000 global money transfer agent locations in 170 countries and territories even without any bank accounts,” said John Hempsey, CEO of MoneyGram International Ltd.

“Malaysia is a key country for MoneyGram business both region-wide & world-wide. We have a good coverage in Indonesia, Philippines, India, Bangladesh, Sri Lanka, Nepal and other South Asian & Middle East countries which have close connections with Malaysia. By focusing on these key corridors, we will develop the business and provide our customers with an affordable and secure way to send and receive money through Maybank,” Mr. Hempsey added.

Datuk Johar also said that MoneyGram service is part of Maybank’s commitment to enhance its remittance services to customers. Maybank provides the largest range of remittance services to cater to customers’ needs particularly foreign workers and expatriates.

“MoneyGram service complements Maybank’s SWIFT remittance services including the recently launched Maybank2u.com Foreign TT service, the first internet banking portal offering online overseas remittance to more than 50 countries worldwide. We are also strong in offering remittance services and cross border cash withdrawal services for the region with our own Region Link services covering Malaysia, Singapore, Brunei and the Philippines, Foreign Workers TT service, our exclusive remittance service to China, as well as MEPS Regional Link that allows Maybankard ATM access to over 1,000 ATMs in Indonesia,” said Datuk Johar.

More information on the MoneyGram service with Maybank is available at www.maybank2u.com or call Maybank Customer Care at 1300 88 6688.