The Bank of New York Appointed Depositary for Malayan Banking Berhad ADR Program

Business Wire, May 10, 2005

NEW YORK -- The Bank of New York, a global leader in securities servicing, has been selected by Malayan Banking Berhad as depositary for its American depositary receipt (ADR) program. Each Malayan Banking Berhad ADR represents two ordinary shares. The ordinary shares trade on the Kuala Lumpur Stock Exchange, and the ADRs trade on the Over-The-Counter Market under the symbol "MLYBY." E[acute accent]The principal activity of Malayan Banking Berhad is providing banking services such as savings and fixed deposits; remittance services; current accounts; housing and personal loans; and credit cards to individuals and a full range of financial services to business customers. E[acute accent]Mohammed Hussein, deputy president and chief financial officer, at Malayan Banking Berhad, said, "We are pleased to be working with The Bank of New York as we take the important step of entering the U.S. financial market. We are confident that the Bank's integrated securities services will streamline our program's administration, and that it will help us gain broader access to U.S. investors." E[acute accent]The Bank of New York is the world's largest depositary for American and global depositary receipts, allowing non-U.S. companies to offer dollar-denominated securities to investors worldwide. The Bank currently issues depositary receipts for over 1,190 American and global depositary receipt programs from issuers in over 60 countries, representing 64 percent of all sponsored programs worldwide. E[acute accent]The Bank of New York Company, Inc. (NYSE: BK) is a global leader in providing a comprehensive array of services that enable institutions and individuals to move and manage their financial assets in more than 100 markets worldwide. The Company has a long tradition of collaborating with clients to deliver innovative solutions through its core competencies: securities servicing, treasury management, investment management, and individual & regional banking services. The Company's extensive global client base includes a broad range of leading financial institutions, corporations, government entities, endowments and foundations. Its principal subsidiary, The Bank of New York, founded in 1784, is the oldest bank in the United States and has consistently played a prominent role in the evolution of financial markets worldwide. Additional information is available at www.bankofny.com.

E[acute accent]This announcement is not an offer to sell or a solicitation of an offer to buy any securities. The offering is made only by means of the prospectus.