21  January 2015
Maybank Investment Bank Issues 8 New Call Warrants

Kuala Lumpur, 21 January 2015 – Maybank Investment Bank Berhad (“Maybank IB”) is issuing eight new European style cash settled call warrants over ordinary shares of Eastern & Oriental Berhad (“E&O”), Gamuda Berhad (“GAMUDA”), IOI Properties Group Berhad (“IOIPG”), Mah Sing Group Berhad (“MAHSING”), Malaysian Resources Corporation Berhad (“MRCB”), Sunway Berhad (“SUNWAY”), UEM Sunrise Berhad (“UEMS”) and UOA Development Berhad (“UOADEV”). The Structured Warrants will be listed on Wednesday, 21 January 2015 with an issue size of 100 million each.

Under Budget Malaysia 2015, RM48.25 billion is allocated for infrastructure projects. This includes the RM23 billion Second MRT Line and the RM9 billion LRT 3 Project. Maybank IB Research has an OVERWEIGHT call on the Malaysia Construction sector with GAMUDA as its top BUY. Despite the challenging economic environment, up to 143,000 units of new affordable homes are expected to be built and a funding limit of RM500,000 for married youths with household income not exceeding RM10,000 is allocated under Budget 2015. Sophisticated investors with a bullish view of the construction and property sectors in 2015 may purchase the warrants on offer to capitalise on any share price rally on construction and property stocks.

The call warrants have the following gearings, E&O-C[ ] (3.55x), GAMUDA-C[ ] (5.52x), IOIPG-C[ ] (2.89x), MAHSING-C[ ] (5.07x), MRCB-C[ ] (3.60x), SUNWAY-C[ ] (5.50x), UEMSC[ ] (4.37x) and UOADEV-C[ ] (4.67x). The tenure of all eight Structured Warrants is approximately 12 months.

The terms and conditions of the above Structured Warrants are stated in their respective term sheets and investors should read the term sheets together with the Base Prospectus dated 2 October 2014, the First Supplementary Base Prospectus dated 12 November 2014 and the Second Supplementary Base Prospectus dated 13 January 2015.

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