FOR IMMEDIATE RELEASE

This media release is issued by

Tan Sri Dato’ Sri Dr. Tay Ah Lek
Managing Director / Chief Executive Officer
Public Bank Berhad

12 December 2022

Announcing the Demise of YBhg. Tan Sri Dato’ Sri Dr. Teh Hong Piow

It is with deep sorrow we announce that our Chairman Emeritus, Tan Sri Dato’ Sri Dr. Teh
Hong Piow, the Founder of Public Bank, has passed away peacefully at 10:20 am today at
the age of 92. Tan Sri Teh’s passing is a great loss to the Public Bank Group. On behalf of
the Board, Management and staff of the Public Bank Group, we extend our most heartfelt
condolences and deepest sympathies to Tan Sri Teh’s family.

Tan Sri Teh founded Public Bank in 1965 at the age of 35. He was appointed as the Chief
Executive Officer and Managing Director of Public Bank since its commencement of
business operations on 6 August 1966. He relinquished his CEO position and was re-
designated as Non-Executive Chairman of Public Bank on 1 July 2002. He retired as the
Non-Executive Chairman of Public Bank on 31 December 2018, and was conferred the
title of Chairman Emeritus and Adviser of Public Bank on 1 January 2019, and remained
as a Non-Executive Director on the Board of Public Bank.

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Throughout his life, Tan Sri Teh had dedicated himself to build Public Bank as a strong
banking group in Malaysia in support of the banking and finance industry. Tan Sri Teh had
built a solid foundation and cultivated a strong corporate culture with a resilient business
model for the Public Bank Group to continue on a solid growth path while navigating
through challenges throughout the years. Upon relinquishing his CEO position in 2002,
Tan Sri Teh with his visionary foresight, had put in place a clear management succession
plan and groomed a strong management team which had continued to drive and manage
the growth of the Public Bank Group. With the strong foundation and the excellent
corporate culture built by Tan Sri Teh, the management team had continued to lead the
Public Bank Group to greater heights since 2002.

The Board, Management and staff of the Public Bank Group would like to pay a special
tribute for the immeasurable contributions Tan Sri Teh had made to the Public Bank Group.
Public Bank has lost an amazing and visionary leader. Tan Sri Teh left behind a great
organisation that only he could have built, and his legacy will be the perpetual foundation
of the Public Bank Group.

*****

For further information, please contact:

Dato’ Chang Kat Kiam

Deputy Chief Executive Officer
Tel: 03-2176 6131
Email: changkk@publicbank.com.my