Public Bank Berhad as the Issuer has on 12 September 2023 through Public Investment Bank Berhad (?PIVB?), lodged with the Securities Commission Malaysia (?SC?), the required information and relevant documents pursuant to the SC?s Guidelines on Unlisted Capital Market Products under the Lodge and Launch Framework in relation to the establishment of the Sub-Notes Programme. PBB has also obtained approval from Bank Negara Malaysia ("BNM") on 16 August 2023 for the establishment of the Sub-Notes Programme. The MYR 20.0 billion Sub-Notes Programme shall have a tenure of thirty (30) years from the date of first issuance of the Sub-Notes.

The Sub-Notes Programme will provide the Issuer the flexibility to issue Sub-Notes from time to time. The Sub-Notes to be issued under the Sub-Notes Programme will qualify as Tier 2 capital for the computation of the regulatory capital of PBB and PBB Group in accordance with the Capital Adequacy Framework.