RHB BANK BERHAD — Capital/Financing Update 2025

Dec 11, 2025

OTHERS RHB ISLAMIC BANK BERHAD ("RHB ISLAMIC" OR "ISSUER") PROPOSED MULTI-CURRENCY SUKUK WAKALAH PROGRAMME OF UP TO RM5.0 BILLION (OR ITS EQUIVALENT IN OTHER CURRENCIES) IN NOMINAL VALUE BASED ON THE SHARIAH PRINCIPLE OF WAKALAH BI AL-ISTITHMAR ("SUKUK WAKALAH PROGRAMME") FOR THE ISSUANCES OF SENIOR SUKUK WAKALAH, TIER-2 SUBORDINATED SUKUK WAKALAH AND/OR ADDITIONAL TIER-1 CAPITAL SUKUK WAKALAH

RHB BANK BERHAD

Type	Announcement
Subject	OTHERS
Description	RHB ISLAMIC BANK BERHAD ("RHB ISLAMIC" OR "ISSUER") PROPOSED MULTI-CURRENCY SUKUK WAKALAH PROGRAMME OF UP TO RM5.0 BILLION (OR ITS EQUIVALENT IN OTHER CURRENCIES) IN NOMINAL VALUE BASED ON THE SHARIAH PRINCIPLE OF WAKALAH BI AL-ISTITHMAR ("SUKUK WAKALAH PROGRAMME") FOR THE ISSUANCES OF SENIOR SUKUK WAKALAH, TIER-2 SUBORDINATED SUKUK WAKALAH AND/OR ADDITIONAL TIER-1 CAPITAL SUKUK WAKALAH
RHB Bank Berhad is pleased to announce that its wholly-owned subsidiary, RHB Islamic, had on 12 December 2025 lodged the Sukuk Wakalah Programme with the Securities Commission Malaysia (“SC”) pursuant to the SC’s Guidelines on Unlisted Capital Market Products under the Lodge and Launch Framework issued by the SC on 9 March 2015 and revised on 5 February 2024 (as amended and/or substituted from time to time) (“LOLA Guidelines”). The Sukuk Wakalah Programme allows the Issuer to issue Senior Sukuk Wakalah, Tier-2 Subordinated Sukuk Wakalah and/or Additional Tier-1 Capital Sukuk Wakalah (collectively, the “Sukuk Wakalah”) in multi-currency including Ringgit, from time to time, subject to the aggregate outstanding nominal amount of the Sukuk Wakalah not exceeding RM5.0 billion (or its equivalent in other currencies) at any point in time, subject to the option to increase the programme limit. The Tier-2 Subordinated Sukuk Wakalah and Additional Tier-1 Capital Sukuk Wakalah are intended to qualify respectively as Tier-2 and Additional Tier-1 capital of the Issuer (at the consolidated and entity level, whichever is applicable), and shall comply with the Capital Adequacy Framework for Islamic Banks (Capital Components) issued by Bank Negara Malaysia (“BNM”) on 14 June 2024 (as amended and/or substituted from time to time) (“CAFIB”) with respect to the requirements of Tier-2 capital instruments and Additional Tier-1 capital instruments respectively. The proceeds raised from the issuance of the Sukuk Wakalah (other than the Sustainability Sukuk Wakalah (as defined below) under the Sukuk Wakalah Programme shall be made available to the Issuer for its Shariah-compliant working capital, general banking purposes and/or refinancing of their outstanding Islamic financings or Shariah-compliant capital instruments. The Sukuk Wakalah Programme shall also allow the Issuer to issue Sukuk Wakalah which will be in compliance with the guiding principles of RHB’s Sustainability Sukuk and Bond Framework and the following guidelines, principles, frameworks or standards, as amended and/or substituted from time to time (“Sustainability Guidelines”): (a) the Sustainable and Responsible Investment (“SRI”) Sukuk provisions under the LOLA Guidelines; (b) the ASEAN Green Bond Standards issued by the ASEAN Capital Markets Forum (“ACMF”); (c) the ASEAN Social Bond Standards issued by the ACMF; (d) the ASEAN Sustainability Bond Standards issued by the ACMF; (e) the Green Bond Principles issued by the International Capital Market Association (“ICMA”); (f) the Social Bond Principles issued by the ICMA; (g) the Sustainability Bonds Guidelines issued by the ICMA; and/or (h) such other related guidelines, principles, frameworks or standards, whether or not having the force of law, in relation to sustainability/social/green bonds/Sukuk issued from time to time. Any Sukuk Wakalah issued under such Sustainability Guidelines shall be referred to as “Sustainability Sukuk Wakalah” and references to “Sukuk Wakalah” shall include Sustainability Sukuk Wakalah, unless otherwise specified. The proceeds from the issuances of Sustainability Sukuk Wakalah will be used to finance and/or refinance, in whole or in part, new or existing Shariah-compliant assets, businesses, projects and/or products that promote the Eligible Categories as defined under the RHB’s Sustainability Sukuk and Bond Framework. RHB Investment Bank Berhad is the Principal Adviser / Lead Arranger / Lead Manager for the Sukuk Wakalah Programme. This announcement is dated 12 December 2025.

---

Announcement Info

Company Name	RHB BANK BERHAD
Stock Name	RHBBANK
Date Announced	12 Dec 2025
Category	General Announcement for PLC
Reference Number	GA1-12122025-00014