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BURSA MALAYSIA BERHADQ1 2008 FINANCIAL RESULTS

18 April 2008

2

OVERVIEW

FINANCIAL REVIEW

APPENDIX

PROSPECTS AND TARGETS

3

OVERVIEW

4

PERFORMANCE SUMMARY

1Q08 vs. 4Q07 %1Q08 vs. 1Q07 %

PAT 15%

Operating Revenue 4%

Stable Revenue 13%

Operating Expenses 4%

Operating EBITDA 2%

Stable Revenue 15%

PAT 40%

Operating Revenue 28%

Operating Expenses 11%

Operating EBITDA 44%

5

30,2

83

26,0

35

11,7

03

10,9

39

11,0

81

93,600 105,500158,737 138,648

54,990

0

5,000

10,000

15,000

20,000

25,000

30,000

35,000

1,32

8

954

910

2,61

0

1,90

7

48%

32% 30%

46%

68%

0501001502002503003504004505005506006507007508008509009501000105011001150120012501300135014001450150015501600165017001750180018501900195020002050210021502200225023002350240024502500

OPERATING DRIVERSEquities Impacted by Global Market Slowdown

Velocity (%)

Market Capitalisation (RM bil)

Daily Average Trading VolumeOMT+DBT (bil)

Daily Average Trading ValueOMT+DBT (RM bil)

Q108

Derivatives Seeing Continued Interest

Q104 Q105 Q106 Q107 Q108

EQUITIES

30,283Daily Average Contracts 26,035

DERIVATIVES

16

Q107 %

Q108 Q107 %

(32)

(3)

(57)

(29)

46 68

985952

2.10.9

2.82.0

Daily Average Contracts (thousand units)Open Position

Daily Average Market Transacted Value – OMT (RM mil’)Daily Average Market Transacted Volume – OMT (mil’ units)Turnover Velocity

6

KEY RATIOS

Return on Equity

Operating EBITDA Margin

Net Profit Margin

Stable Revenue + Derivatives Income:Total Operating Expenses

% %Q407Q108 Q107

21.0

55.8

41.6

88.1

24.5

54.6

47.9

72.9

33.2

71.0

51.6

90.8

%

(37)

(21)

(19)

(3)

(14)

2

(13)

21

Operating EBITDA Margin is lower mainly due to the lower revenue from the equity market and higher staff costs incurred this quarter.

1Q08 vs. 1Q07 Commentary

7

1Q08 EVENTS HIGHLIGHTS

Introduced Direct Market Access Derivatives

Launched Financial Market Trading Platform (Fixed Income)

Listed MyETF Dow Jones Islamic Market Malaysia Titans 25

Awarded Exchange of the Year (Asia Pacific) byFutures & Options World (FOW) Awards 2008

8

FINANCIAL REVIEW

9

Operating Revenue (mil)

Operating EBITDA (mil)

Operating Expenses (mil)

Profit Before Tax (mil)

Taxation (mil)

Profit After Tax (mil)

Earnings per Share (sen)

RM Q107Q108 %Q407

88.9

49.6

43.8

57.3

15.2

42.1

8.0

124.3

88.2

39.5

96.6

26.4

70.2

13.5

92.7

50.6

45.7

57.4

7.9

49.5

9.5

%

(28)

(44)

11

(41)

(42)

(40)

(41)

(4)

(2)

(4)

(0.2)

92

(15)

(16)

Note:

•The effective tax rate of the Group for 1Q08 was marginally higher than the statutory tax rate due to expenses which were not tax deductible

•The effective tax rate for 4Q07 was low due to recognition of unutilised capital allowances and unabsorbed business losses of a profit-making subsidiary as deferred tax assets

FINANCIAL RESULTS OVERVIEW

10

OPERATING REVENUE

30%

1%

14%

55%

Q108: RM 88.9 mil Q107: RM 124.3 mil

Q107

Trading Revenue (Equities)

Trading Revenue (Derivatives)

Stable Revenue

Other Operating Revenue*

Q108

48.9

12.2

26.4

1.4

86.8

12.9

23.0

1.6

86.8

12.9

23.0

1.6

%Q407

86.8

12.9

23.0

1.6

57.6

9.9

23.4

1.8

(44)

(5)

15

(13)

(15)

23

13

(22)

70%

1%

19%

10%

%RM mil’

* Other Operating Revenue = perusal and processing fees

•Equity trading revenue dropped due to lower turnover and revised clearing fee structure.•Derivatives trading revenue dropped due to revised derivatives fee structure. However, number of contracts traded has increased.

1Q08 vs. 1Q07 Commentary

11

STABLE REVENUE

13%

22%

36%

26%

3%

28%

30%

20%

5%

17%

Q108: RM 26.4 mil Q107: RM 23.0 mil

Depository Services

Listing Fees

Information Services

Broker Services*

Participants’ Fees**

Q108

86.8

12.9

23.0

1.6

%

86.8

12.9

23.0

1.6

%Q407Q107

6.9

9.5

5.9

3.4

0.7

6.8

6.4

4.7

4.0

1.1

6.7

7.0

5.1

3.9

0.7

1

48

26

(15)

(36)

3

36

16

(13)

-

RM mil’

* Broker Services comprises of SCORE/Data Comm equipment rental income from brokers/ADM at a fixed monthly rate** Participants’ Fees comprises of application/admission/initial/registration fees, participants’ subscriptions and renewal fees

•Higher listing fees from revised fee structure1Q08 vs. 1Q07 Commentary

•Higher information services fee due to revised fee structure effective October 2007•Lower broker services fees from reduction in number of terminals at broker sites (Migration of old CDS system to web base system)

12

OPERATING EXPENSES

52%5%

10%

8%

8%

17%

10%9%

46%

21%

8%6%

Q108: RM 43.8 mil Q107: RM 39.4 mil

Staff Costs

Market Development

IT Maintenance

Building Management Costs

Depreciation & Amortisation

Other OPEX

86.8

12.9

23.0

1.6

% 86.8

12.9

23.0

1.6

%

Q40718.2

3.6

3.8

2.3

3.3

8.2

20.9

6.2

1.9

2.4

3.6

10.7

% %Q107Q108

22.6

3.5

3.7

2.2

4.5

7.3

24

(3)

(3)

(4)

36

(11)

8

(44)

95

(8)

25

(32)

RM mil’

* Other Opex = professional fees, administrative expenses, CDS consumables, etc.

• Higher staff cost due to higher ESOS expenses (increased number of options) and annual salary increments

1Q08 vs. 1Q07 Commentary

• Higher depreciation due to new IT systems and renovation to accommodate tenants

13

CAPITAL MANAGEMENT

Financial Resources Available for Use

Shareholders’ Fund

Capital Expenditure YTD

@ 31 March 2008

499 *

824

9

RM mil’

* Inclusive of approximately RM100mil final dividend payable in April 2008

14

DIVIDEND PAYOUT > 90%

2007 Total Dividend Including Final Dividend

Dividend Yield as at 31 March 2008

Dividend Yield inclusive of Special Dividend

Total Shareholders’ Return since listing till 31 March 2008

85 sen

6.3%

9.4%

267%

91%

91%

92%

FY05 FY06 FY07

81

1010

Interim Gross Dividend/Share

Final Gross Dividend/Share

Special Dividend

Capital Repayment

% of dividend payout excluding special dividend & capital repayment

Historical Dividend Payout in sen

28

1412.5

28

25

32

15

PROSPECTS AND TARGETS

16

PROSPECTS

EQUITY MARKET

Investors’ sentiment expected to be influenced by domestic political developments and global economic uncertaintiesMalaysian economic fundamentals remain intact

DERIVATIVES MARKET

Expect continued interest in FCPO and FKLI FKLI: Interest from players hedging positionsFCPO: Interest along the growth in demand of the biodiesel and food industries

17

TARGETS

Velocity

Growth in derivatives contracts traded

56% 46%

Target 1Q08

50% 13%

i

Growth in Velocity to be driven by :Improvement of Infrastructure

Introduction of More Products

Other Initiative

ETF, Reits & Warrants

Retail Plan

Growth in Daily Average Contracts to be driven by:

FUPO

Market Making

DMA DerivativesBursa Trade Securities & DMA Equity

Bursa’s KPI 2008

Challenging Year

Improvement of Infrastructure

Introduction of New Product

Other Initiative

18

THANK YOUAPPENDIX

For in-depth financial performance review, prospects and targets, please refer 1Q08 condensed report.

19

0.0291 0.0283 0.02950.0272

0.0226

Q107 Q207 Q307 Q407 Q108

*Clearing Fee revised to 0.03% (capped at RM1,000) effective 1 Jan 08 from 0.04% (capped at RM500)

Effective Clearing Fee RateEffective Clearing Fee RateAffected by institutional bunching of trades and lower retail participation

39% 35% 40% 33% 25%

% of retail trading participation by value

20

369%

197%

196%

182%

159%

158%

143%

141%

108%

98%

78%

71%

69%

69%

46%

32%

30%

53%

Shenzen SE

Shanghai SE

Korea Exchange

NYSE

London SE

Taiw an SE Corp.

Euronext

Tokyo SE

Australian SE

Hong Kong Exchanges

Singapore Exchanges

National Stock Exchange India

Indonesia SE

Thailand SE

Bursa Malaysia

New Zealand Exchange

Philliphine SE

Bombay SE

Turnover Velocity for the past 12 months to February 2008

Source: World Federation Exchanges (WFE)

BursaBursa’’s Sustainable Velocity Target : 60% By 2010s Sustainable Velocity Target : 60% By 2010

53%

21

Quarterly VelocityQuarterly Velocity

910

2610

23032069

17511907

1283

782110746%

41%50%

54%

68%

39%

30% 27%

38%

-302070120170220270320370420470520570620670720770820870920970102010701120117012201270132013701420147015201570162016701720177018201870192019702020207021202170222022702320237024202470252025702620

Q106 Q206 Q306 Q406 Q107 Q207 Q307 Q407 Q1080%

10%

20%

30%

40%

50%

60%

70%

80%

Daily Average Market Transacted Volume (million units)Daily Average Market Transacted Value (million RM)Turnover Velocity

22

Quarterly Derivatives ActivityQuarterly Derivatives Activity

30,2

83

22,1

51

24,7

97

27,0

99

26,0

35

22,1

13

19,1

04

14,5

00

11,7

03

159,019 158,737 161,544

145,107

125,051

162,628

128,000

105,500

0

5,000

10,000

15,000

20,000

25,000

30,000

35,000

Q106 Q206 Q306 Q406 Q107 Q207 Q307 Q407 Q1080

20,000

40,000

60,000

80,000

100,000

120,000

140,000

160,000

180,000

Daily Average Volume Open Position

138,648

23

Significant Foreign Investors ActivitySignificant Foreign Investors Activity85

%

82%

69% 81

%

76%

73% 83

%

78%

71%

68% 76

%

69%

63%

65%

63%

57%

15%

18%

31% 19

%

24%

27% 17

%

22%

32% 24%

31%

37%

35%

37%

43%29

%

1993

1994

1995

1996

1997

1998

1999

2000

2001

2002

2003

2004

2005

2006

2007

YTD Mar 0

8

Local Investors Foreign Investors

Breakdown of trading (by value) 1993 to March 2008

24

42%

45%

44% 54

%

44%

49% 59

%

54%

43%

40% 50

%

43%

29%

34%

37%

25%

51%

48%

45% 36

%

42% 43

% 35%

40%

51%

54% 45

%

53%

71% 66%

63%

75%

3%5%6%6% 6%6%7% 7% 11%

10%

14%

8%

1993

1994

1995

1996

1997

1998

1999

2000

2001

2002

2003

2004

2005

2006

2007

YTD M

ar 08

Retail Institutions Others

Breakdown of trading (by value) 1993 to March 2008

“Others”- refers to trades conducted for accounts not belonging to individuals/ institutions. Definitions of investors’ type clarified in 2004, hence reducing the type of investor falling under “others” category.

Retail ParticipationRetail ParticipationDrop in retail volume due to weak investors’ sentiment

25

MoU with Dubai Gold & Commodities Exchange Development of derivatives markets

MoU with Multi Commodity Exchange of India Limited Development of commodities market and for cross listing of products

MoU with Dalian Commodities Exchange Joint organizing of “China International Oil and Oilseeds Conference”.

MoU with Australian Securities Exchange Facilitating communication channels and fostering relations

MoU with Singapore Exchange Derivatives Trading Limited Exploring future business relationship opportunities

NYSE EuronextTechnology Solutions Provider for equities, derivatives & DMA platform: Through NYX Advanced Trading Solutions

Global NetworkGlobal Network

Korea Exchange Development of Financial Market Trading Platform for the bond market in Bursa Malaysia

MoU with The Agricultural Futures Exchange of Thailand Development of commodities and futures markets

MoU with Ho Chi Minh City & Hanoi Securities Trading Centre Facilitating communication channels and fostering relations

MoU with Tokyo Stock Exchange Providing mutual cooperation on personnel training & information exchange

MoU with PT. Bursa BerjangkaJakarta Development of futures and commodities markets

MoU with Hong Kong Exchanges & Clearing Sharing market surveillance information