RHB BANK BERHAD APPOINTS NEW CEO

4 April 2002, Kuala Lumpur, Malaysia-The Board of Directors of RHB Bank Berhad ("RHB Bank") is pleased to announce the appointment of Mr. Michael Andrew Hague as Chief Executive Officer ("CEO") of RHB Bank. Mr. Hague will join RHB Bank on 1 June 2002. Mr. Hague, 42, graduated with honours from Loughborough University, United Kingdom in Economics in 1981 and has over twenty-one years experience as an international commercial banker, of which the last four years have been in Malaysia as Country Chief Executive and Head, Corporates and Institutions for Standard Chartered Bank Malaysia Berhad. Mr. Hague has also held senior management positions for Standard Chartered Bank in Brunei, Hong Kong, Japan, New York, Los Angeles, Singapore and Taiwan.

Mr. Hague has broad-based experience and knowledge in all aspects of banking ranging from wholesale banking to consumer banking.

The RHB Bank Board of Directors says, "We welcome Mr. Hague to the Management team of RHB Bank. Mr. Hague""s appointment as CEO ensures independent professional management is maintained. He has the quality of experience necessary to lead RHB Bank into the future given the advent of further consolidation, impending globalisation as well as the current operating environment. We are confident that Mr. Hague shares our vision of RHB Bank and that he has the necessary leadership qualities, professional ability and expertise to take RHB Bank to a higher level of growth to ensure that RHB Bank remains one of Malaysia""s leading commercial banks."

Mr. Hague""s appointment has received the approval of Bank Negara Malaysia.

Mr. Hague is currently Chairman of the British Malaysian Chamber of Commerce, Member of the Corporate Debt Restructuring Committee of Malaysia (CDRC) and Director of Financial Planning Association of Malaysia (FPAM). He sits on the board of directors of the Credit Guarantee Corporation, an institution established by Bank Negara Malaysia, British Malaysian Institute, a technology training institute set up by the British and Malaysian governments, the Malaysian Institute of Banks and a council member of The Association of Banks in Malaysia.