On behalf of the Board of Directors of RHB Bank, RHB Investment Bank Berhad wishes to announce that Bank Negara Malaysia has, via its letter dated 11 May 2026, informed that it has no objection for RHB Bank to commence negotiations with Tokio Marine Asia Pte Ltd to dispose up to 100% interest in shares in RHB Insurance Berhad ("RHB Insurance"), for the integration of Tokio Marine Insurans (Malaysia) Berhad and RHB Insurance into an enlarged integrated entity, in which RHB Bank would hold up to 35% interest in shares. The approval is subject to all parties concluding the negotiations within six (6) months from the date of BNM's letter.

Pursuant to the Financial Services Act 2013, the relevant parties will be required to obtain the prior approval of the Minister of Finance, with the recommendation of BNM, before entering into any definitive agreement(s) to effect the proposals. Accordingly, a detailed announcement on the proposals will be made upon execution of the definitive agreement(s) for the proposals.

This announcement is dated 11 May 2026.