The Redeemable Convertible Preference Shares ("RCPS") had with effect from 3.00 p.m. on 21st August 2008 expired and in accordance with the Subscription Agreement dated 6 March 2003, all outstanding RCPS were automatically converted into two (2) new ordinary shares of RM1.00 each in the capital of Malaysia Building Society Berhad for every one (1) ordinary RCPS held.