Press Release 2007

UOB ONE Card - The Only Card For All Your Everyday

Needs Introducing the First Cash Rebate Card in Malaysia!

Kuala Lumpur, 24 April 2007 - Today marks another milestone for United Overseas Bank (Malaysia) Bhd ["UOB (Malaysia)"] as the bank introduces the UOB ONE Card, the first and truly cash rebate card in the Malaysian credit card industry. The UOB ONE Card is the only card that rewards its card members with instant cash rebates for their everyday spending on groceries, petrol, dining, entertainment, utilities payment and other retail and leisure activities.

"UOB ONE Card is targeted at the higher end of the mass market. We are proud to introduce yet another innovative product to our customers. The unique feature of the UOB ONE Card is the value that it will bring to card members via instant cash rebates for any purchases charged to the card and redemption at over 1,000 participating merchant outlets in Malaysia. A normal daily routine of lunch, dinner and shopping using the UOB ONE Card will earn enough rebates in a day for a free movie for you at the end of the day. With the UOB ONE Card, One Thing Gets You Another!," said Mr. Chan Kok Seong, Director and Chief Executive Officer of United Overseas Bank (Malaysia) Bhd.

"To reinforce our position to be a significant credit card player and leader in product innovation, UOB (Malaysia) has planned a series of strategic marketing and promotional campaigns for UOB ONE Card. This is also a testament of UOB (Malaysia)'s commitment to our customers in creating new and innovative products that meet their needs." added Mr. Chan.

UOB ONE Card members will receive up to 30% cash rebates when they charge their purchases using this credit card. They can redeem these rebates immediately and use them to offset their subsequent purchases. Whether it is groceries, petrol, dining and entertainment, utilities payment, or just about anything, with UOB ONE Card, card members can now stretch their Ringgit. UOB ONE Card is an everyday card for everyday needs with everyday rebates.

"UOB ONE Card gives card members a wider choice and flexibility when redeeming the cash rebates that they earned from their everyday spending. Today, you will earn 4% cash rebates when you shop at Carrefour, 2% at BHP for petrol, 3% when you dine at Tai Thong, 10% at Sushi King, 5% when you go for movies at Golden Screen Cinema (GSC), 5% at Kamdar and 10% at San Francisco Coffee. You will also earn rebates when making payment for your utilities bill via UOB Payonline's website, and this site facilitates payment for companies such as Telekom Malaysia, Celcom, Maxis, Digi, TMnet, Time dotNet, Uni.Asia (for insurance premiums) and other local municipal councils at your convenience," said Mr Yap Kok Tee, General Manager of Credit Card Centre, United Overseas Bank (Malaysia) Bhd.

"UOB (Malaysia) is committed to ensure success of the UOB ONE Card. We expect to increase the number of participating merchants in our Smart Cash Rebates program, so customers can look forward to a larger pool of merchant outlets to redeem their cash rebates," added Mr Yap.

"Carrefour would like to congratulate UOB (Malaysia) for launching the first cash rebate credit card in Malaysia. We are proud to be a part of this successful venture with UOB (Malaysia)", commented Encik Shafie Shamsuddin, Managing Director of Carrefour Malaysia/Singapore.

"As one of the key merchants for UOB ONE Card, we are indeed excited and look forward to a fruitful partnership with UOB (Malaysia)," said Mr. Wong Voon Pui, Head of IT and Card Services of BHPetrol.

Besides the benefit of instant cash rebates, another key feature of the UOB ONE Card is the Visa Wave "contact-less" technology to provide speedy transactions for the convenience of the customers. Other benefits of UOB ONE Card include annual fee waiver, personalised travel services from travel and holiday packages using dedicated UOB Travel Planners and travel insurance of up to RM2 million. UOB ONE Card customers will also enjoy discounts at over 1,500 restaurants across Malaysia, Singapore, Thailand and Hong Kong via its ever-popular and regional benefits from UOB Dining Privileges.

For further information and to apply for the UOB ONE Card, customers may visit our website at uob.com.my or call UOB 121 centres at 03-26128 121 (Kuala Lumpur), 07-2881 121 (Johor Bahru) or 04-2401 121 (Penang).


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