3.4pc of AMMB traded off-market in two days (HL), BUSINESS TIMES

Business Times (Malaysia)

01-15-2003

TWO substantial shareholders of AMMB Holdings Bhd, which holds the
Arab- Malaysian Group's merchant and commercial banks, are believed to
have traded 33.9 million shares or 3.4 per cent of the company off-market
in the past two days.
The four large blocks, disposed of at a discount for a total of
RM112.2 million, are said to have been sold by AMMB's third largest shareholder,
UFJ Bank Ltd of Japan, to a local institution, traders and analysts say.

Some believe the buyers to be The Great Eastern