Bank Maybank Indonesia Tbk PT : Proposed Sale and Transfer of PT Bank Maybank Indonesia Tbk’s Entire Equity Interest in PT Wahana Ottomitra Multiartha Tbk

PT BANK MAYBANK INDONESIA TBK

PROPOSED SALE AND TRANSFER OF PT BANK MAYBANK INDONESIA TBK'S ENTIRE EQUITY INTEREST IN PT WAHANA OTTOMITRA MULTIARTHA TBK

PT Bank Maybank Indonesia Tbk ('Maybank Indonesia', 'the Bank') wishes to announce that on 11 January 2017, the Bank has entered into a Conditional Shares Purchase Agreement ('CSPA') with PT Reliance Capital Management ('RCM') for the proposed sale and transfer of Maybank Indonesia's entire equity interest of 68.55% in PT Wahana Ottomitra Multiartha Tbk ('WOM Finance') to RCM ('Transfer of Shares').

Maybank Indonesia and RCM do not have any affiliated relationship pursuant to the applicable capital market regulations. Therefore, the Transfer of Shares does not constitute an Affiliated Party Transaction or Conflict of Interest Transaction based on Bapepam-LK Rule No. IX.E.1 on Affiliated Party Transactions and Certain Conflict of Interest Transactions.

RCM is a limited liability company incorporated under Indonesian Law and has subsidiaries that provide financial services, including financial services in investment (securities and asset management), protection (general, health, life, and sharia insurance), and financing (multi-finance, banking, and venture capital).

WOM Finance is incorporated in Indonesia and listed on the Indonesian Stock Exchange. WOM Finance provides financing for new and used motorcycles, with the majority of consumer financing granted for motorcycle brands Honda, Yamaha and Suzuki. The Transfer of Shares is undertaken as part of Maybank Indonesia's strategic initiative in maximising its capital use and streamlining its customer segmentation which will contribute to Maybank Indonesia optimising its resources in the most efficient manner.

The completion of the Transfer of Shares is expected to occur by first quarter of 2017, upon the conditions precedent of Maybank Indonesia and RCM being fulfilled as prescribed in the CSPA without neglecting any of applicable laws and regulation.

This Transfer of Shares is not expected to have any material impact on the business of Maybank Indonesia. Upon completion of this Transfer of Shares, Maybank Indonesia will no longer hold any shares in WOM Finance, and thus WOM Finance will no longer be the subsidiary of the Bank. However, WOM Finance will continue to be a key business partner of Maybank Indonesia in the future.

None of the directors and/or major shareholders of Maybank Indonesia, and/or persons connected to them, have any interest, direct or indirect in the Transfer of Shares.

This announcement is dated 12 January 2017.