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UBS reiterates Malaysia's long-term value to foreign investors

Kuala Lumpur | | Media Releases APAC

UBS remains bullish on the long-term value of Malaysia for foreign investors and will continue to support the Government's drive to strengthen the capital markets.

Speaking at a media briefing, hosted by key executives of UBS and held in conjunction with the Invest Malaysia Conference 2006, Rory TAPNER, Chairman and Chief Executive Officer of UBS in Asia Pacific said: "In light of its strong fundamentals, Malaysia continues to present a compelling story to global investors.

UBS has had a long and uninterrupted association with Malaysia's capital markets and is one of the country's most active brokers. In the most recent trading summary published by Bursa Malaysia, UBS had the largest market share among all foreign investment banks operating in Malaysia. UBS was one of the first foreign brokers to start trading on Bursa Malaysia when the Securities Commission awarded foreign broker licenses in September 2005, and its research coverage is the most comprehensive of all foreign brokers.

"I am confident that the continuing strength of our equity franchise in Malaysia is in no small part due to the commitment we have shown to the market since first opening an office here in 1989. Indeed, UBS is one of a very small number of global investment banks not to have withdrawn from any of the region's equity markets as a result of the financial crisis," said Head of Asian Equities, Chi-Won YOON.

UBS Head of Investment Banking for Malaysia and Singapore, Patrick LEE, believes Malaysia's economic fundamentals and growth bode well for the Malaysian stock market, in particular of the IPO (initial public offering) market. "The Malaysian equity market has seen a marked increase in new listings in the last eight years and we expect this trend to continue," he said. "Our sponsorship of the Invest Malaysia Conference 2006 underlines our continued commitment to facilitate Malaysia's markets in becoming increasingly strong, liquid and attractive for all investors, fund managers and analysts," added Tapner.

UBS has lead-managed numerous ground-breaking equity, debt and M&A transactions in Malaysia in recent years. These include: IPOs from Bursa Malaysia and Astro; convertible bonds from IOI Corp and YTL Power; the first quasi-sovereign international Sukuk bond for Sarawak; Telekom Malaysia's bond and selldown in Telkom South Africa; and Telekom/Khazanah's acquisition of a 24% stake in Singapore's MobileOne.

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Kuala Lumpur, 23 March 2006
UBS