Malaysian Airline System Berhad general announcement

Submitting Merchant Bank: MAYBANK INVESTMENT BANK BERHAD

MALAYSIAN AIRLINE SYSTEM BERHAD ("MAS" OR "COMPANY")

RENOUNCEABLE RIGHTS ISSUE OF 1,671,078,120 NEW ORDINARY SHARES OF RM1.00 EACH IN MAS ("RIGHTS SHARES") AT AN ISSUE PRICE OF RM1.60 PER RIGHTS SHARE ON THE BASIS OF ONE (1) RIGHTS SHARE FOR EVERY ONE (1) EXISTING ORDINARY SHARE OF RM1.00 EACH IN MAS HELD AS AT 5.00 P.M. ON 10 FEBRUARY 2010 ("RIGHTS ISSUE")

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We refer to the announcement dated 25 February 2010 in relation to the Rights Issue.

On behalf of the Board of Directors of MAS, Maybank Investment Bank Berhad and CIMB Investment Bank Berhad are pleased to announce that as at the close of the acceptance, excess application and payment for the Rights Issue at 5.00 p.m. on 3 March 2010 ("Closing Date"), the total valid acceptances and excess applications received for the Rights Issue were 1,799,308,770 Rights Shares amounting to RM2,878,894,032 representing an over-subscription of 7.67% of the 1,671,078,120 Rights Shares available for subscription under the Rights Issue.

In respect of invalid acceptances or unsuccessful or partially successful excess Rights Shares applications, the full amount or the surplus application monies (as the case may be) will be refunded without interest.

A summary of the valid acceptances and excess applications received for the Rights Issue as at the Closing Date are set out in Table 1.