Strictly Private & Confidential HIGH YIELD EQUITY-LINKED INVESTMENT (HY ELI) Grow Your Investments for Higher Returns Arranger Calculation Agent Manager

Strictly Private & Confidential

HIGH YIELD EQUITY-LINKED

INVESTMENT (“HY ELI”)

Grow Your Investments for Higher

Returns

Arranger Calculation Agent Manager

Issuer


RISK STATEMENT

WARNINGTHIS IS A STRUCTURED PRODUCT. THIS INVESTMENT IS LINKED TO THEPERFORMANCE OF ONE OR MORE MARKET PRICES, RATES, INDICES,SECURITIES AND OTHER FINANCIAL INSTRUMENTS THAT INTRODUCESIGNIFICANT RISK THAT WILL AFFECT THE PERFORMANCE OF THIS INVESTMENT

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TABLE OF CONTENTS

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Introduction Key FeaturesGeneral TermsTrading/Settlement Timeline

Procedures Benefits Potential Investors Risk Statement Contact Persons


INTRODUCTION

HY ELI is a structured product issued by Bumiputra-Commerce Bank Berhad (the “Issuer” or “BCB”). It has been approved by Bank Negara Malaysia and Securities Commission of Malaysia.

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5 The tenure of HY ELI is between one (1) and six (6) months.

4 HY ELI is an investment product that uses an individual security price or a basket of security

prices as the Underlying Reference Asset.

HY ELI is marketed to Investors who:

(a) have existing equity investments; and

(b) want to earn high yield on their equity investments and potential capital gain.

3Depending on the Reference Asset Price of the Underlying Reference Asset at maturity,

you can earn high interest returns in the form of cash or accept the repayment in the form

of shares plus interest.


KEY FEATURES

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General Terms

Issuer :Underlying Reference Asset : PLUS

Trade Date : 3-Jan-06Payment Date, PD : 3-May-06Maturity Date : 29-Jun-06Final Settlement Date, FSD : 4-Jul-06

Initial Reference Asset Price :Strike Price :Subscription Amount :Reference Asset Price (RM) :

Yield to Maturity :Investment Amount :Shares Amount :

Redemption Amount :

RM3.15RM300,000RM3.30

100,000 shares

RM3.00

11.40% per annumRM300,000

If Reference Asset Price Strike Price at maturity, the Redemption is:= (Shares Amount x Strike Price) + Interest

If Reference Asset Price < Strike Price at maturity, the Redemption is:= Share Amount + Interest

BCB

Interest = Investment Amount x Yield to Maturity x (FSD - PD)/365


PAYMENT DATE

FINAL SETTLEMENT

DATE

TRADE DATE MATURITY

DATEInvestor sell shares to Issuer and buys

the HY ELI

Investor earns yield from HY ELI i.e. 5% to 10%

p.a.

Trade / Settlement Timeline

KEY FEATURES

Investor earns interest on an interest bearing instrument on the

proceeds from shares sale

This is the date when the interest bearing

instrument matures, and the Investment Amount

will be used to pay for HY ELI. Interest from the

interest bearing instrument will be credited

to investor account

This is the date that determines whether the investor receives cash or shares with

respect to Reference Asset Price

Issuer shall pay cash or deliver

shares

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Selling Agent needs to perform the following:

a. To ascertain the eligible amount for Investor to subscribe for HY ELI

(please refer to Potential Investors);

b. Investor needs to open:

i. Stock Trading Account with CIMSEC Nominees; and

ii. Savings account with the Issuer.

PROCEDURES (...before executing HY ELI)

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1. Investor sells its equity Investments i.e.

shares of companies listed on Bursa

Securities or such other foreign stock

exchange (“Shares Amount”) to the

Issuer at the Initial Reference Asset

Price determined on Trade Date

(“Investment Amount”).

2. The Issuer pays the investor the

Investment Amount after deducting

transaction cost.

3. The beneficial owner of the Shares

Amount is now the Issuer.

4. The Strike Price is pre-agreed between

the investor and the Issuer, often at 5%

above the Initial Reference Asset

Price.

5. Selling Agent needs to fill up Purchase

Order Form prior to executing a trade.

PROCEDURES (...Trade Date)

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Payment Date Maturity Date Final Settlement Date

INVESTOR

The Issuer pays the Investor RM300,000 (“Investment Amount”) for the purchase of the Shares Amount

Example: Investor sells its equity investment of 100,000 PLUS shares (“Shares Amount”) @ RM3.00 per share to the Issuer

ISSUER


PROCEDURES (...Invest in Interest Bearing Instrument)

INVESTOR

Interest earned during the 1-month period shall be remitted into the investor’s account

The Issuer invests Shares Amount in an interest bearing instrument for a minimum period of 1-month

ISSUER

The Issuer shall invest the Investment Amount net of transaction cost into an interest bearing instrument for a minimum period of 1-month. Any interest earned during that period shall be remitted into the investor’s account on the maturity of the interest bearing instrument.

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PROCEDURES (...Payment Date)

INVESTOR

Investor issues HY ELI

Investor pays RM300,000 (“Subscription Amount”) to the Issuer

ISSUER

On Payment Date, which coincides with the maturity date of the interest bearing instrument, the Issuer issues HY ELI to the investor. The purchase consideration of HY ELI to be paid by the investor to the Issuer shall be the Investment Amount (“Subscription Amount”). HY ELI will be issued at par to the investor.

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PROCEDURES (...Maturity Date)

SCENARIO AReference Asset Price Strike Price If the Reference Asset Price of the Underlying Reference Asset determined on Maturity Date of HY ELI is EQUIVALENT TO or ABOVE the Strike Price, the investor shall receive the redemption amount in cash i.e. Shares Amount multiplied by the Strike Price. In addition, the investor will receive interest on the Investment Amount of HY ELI.

SCENARIO BReference Asset Price < Strike PriceIf the Reference Asset Price of the Underlying Reference Asset determined on Maturity Date of HY ELI is BELOW the Strike Price, the Issuer will sell the Shares Amount purchased on Trade Date back to the investor at the Reference Asset Price. The proceeds from the sale of the Shares Amount shall be equivalent to the redemption proceeds of HY ELI. In addition, the Issuer shall pay to the investor interest on the Investment Amount of HY ELI.

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INVESTOR ISSUER

INVESTOR ISSUER

The Reference Asset Price is at or above Strike Price i.e. RM3.15 and above. The investor receives cash payment based on the Strike Price x Shares Amount i.e. RM3.15 x 100,000 shares = RM315,000. In addition, the investor also receives interest on the Investment Amount.

The Reference Asset Price is RM2.80, which is below the Strike Price of RM3.15. The investor buys back 100,000 PLUS shares from the Issuer at RM2.80 on Maturity Date via Direct Business Transaction. In addition, the investor also receives interest on the Investment Amount.


PROCEDURES (...Final Settlement Date)

Scenario A(Reference Asset Price Strike Price)

Receives Cash. In addition, the Investor will receive interest determined on Trade Date.

Example: The Issuer delivers RM315,000 in cash plus interest to the investor.

NOTE: Final Settlement Date shall be Maturity Date + 5 Market Days

Example: Maturity Date falls on 7th April 2006, which is a Friday. Therefore, the Final Settlement Date shall be on 14th April 2006.

Scenario B(Reference Asset Price < Strike Price)

Receives Shares Amount. In addition, the Investor will receive interest determined on Trade Date.

Example: The Issuer sells 100,000 PLUS shares back to the Investor at RM2.80 via Direct Business Transaction. In addition, the investor also receives interest on the Investment Amount.

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Investors earn higher yield than ordinary time deposit Fixed Deposit: In general, a one-month to a six-month Fixed Deposit rate is approximately 3% p.a.

HY ELI: Depending on the Underlying Reference Asset, a one-month to a six-month HY ELI yields

between 5% and 10% p.a.

HY ELI is a short term investment, less than 6 months

Investor can earn interest from an interest bearing instrument prior to Payment Date.

Investor pays for HY ELI on the Payment Date which coincides with the expiry of the

interest bearing instrument

Investor earns additional interest on top of the redemption amount

BENEFITS

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POTENTIAL INVESTORS

Individual and/or corporation whose total net personal assets/ net assets are as set out under items 10 and 11 of

Schedule 2 and 3 of Securities Commission Act 1993, respectively. The minimum transaction for each HY ELI is

RM50,000.

For Individual and/or corporation who does not fall within items 10 and 11 of Schedule 2

and 3 of the SCA 1993, the minimum transaction amount for each HY ELI is RM250,000.

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RISK STATEMENT

WARNINGTHIS IS A STRUCTURED PRODUCT. THIS INVESTMENT IS LINKED TO THEPERFORMANCE OF ONE OR MORE MARKET PRICES, RATES, INDICES,SECURITIES AND OTHER FINANCIAL INSTRUMENTS THAT INTRODUCESIGNIFICANT RISK THAT WILL AFFECT THE PERFORMANCE OF THIS INVESTMENT

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CONTACT PERSONS

EQUITY MARKETS & DERIVATIVES

Lim Jong Hau

Director

Tel: 03 - 2084 8942

Kok Kong Chin Head

Tel : 03 - 2084 8633

Larry Ch’ng

Assistant Director

Tel: 03 - 2084 9622

Email: [email protected]

Murni Azmi

Associate

Tel: 03 - 2084 9272


Fauziah Apandi

Secretary

Tel: 03 - 2084 8888

Megan Chong

Secretary

Tel: 03 - 2084 8632

Eunice Saw

Associate

Tel: 03 - 2084 9636


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IMPORTANT NOTICE

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This presentation has been prepared by Commerce International Merchant Bankers Berhad (“CIMB”) exclusively for the benefit

and internal use of investor in order to indicate, on a preliminary basis, the feasibility of possible transactions. Terms contained in

this presentation are intended for discussion purposes only and are subject to a definitive agreement. All information contained in

this presentation belongs to CIMB and may not be copied, distributed or otherwise disseminated in whole or in part without the

written consent of CIMB.

This presentation has been prepared on the basis of information that is believed to be correct at the time the presentation was

prepared, but that may not have been independently verified. makes no express or implied warranty as to the accuracy or

completeness of any such information.

CIMB is not acting as an advisor or agent to any person to whom this presentation is directed. Such persons must make their own

independent assessment of the contents of this presentation, should not treat such content as advice relating to legal, accounting,

taxation or investment matters and should consult their own advisers.

CIMB or its affiliates may act as a principal or agent in any transaction contemplated by this presentation, or any other transaction

connected with any such transaction, and may as a result earn brokerage, commission or other income. Nothing in this

presentation is intended to be, or should be construed as an offer to buy or sell, or invitation to subscribe for, any securities.

Neither CIMB nor any of its their directors, employees or representatives are to have any liability (including liability to any person

by reason of negligence or negligent misstatement) from any statement, opinion, information or matter (express or implied)

arising out of, contained in or derived from or any omission from the presentation, except liability under statute that cannot be

excluded.

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Strictly Private & Confidential HIGH YIELD EQUITY-LINKED INVESTMENT (HY ELI) Grow Your Investments for Higher Returns Arranger Calculation Agent Manager