For the Purpose of Joint Integrated Transaction, Share Trading of Nepal Investment Mega Bank Limited To be Halted from Poush 27

As per the guidelines for amalgamation and acquisition of companies that have registered securities issued by the Securities Board (SEBON), the share trading of "Nepal Investment Mega Bank Limited" shall be suspended for 15 days from the date of commencement of the integrated financial transactions of both institutions for the purpose of matching the shares of the target institution, re-registration of securities, dematerialization and listing of securities.

Merger between Mega Bank Nepal Limited (MEGA) and Nepal Investment Bank Limited (NIB) was recently completed. The company had signed a merger deal at a swap ratio of 100:90, implying that the number of MEGA shareholders will decrease by 10%. "Nepal Investment Mega Bank Limited" has been agreed upon as the name of the new bank that will be formed as a result of the merger. NIB and MEGA had agreed to merge on Jestha 27.

Additionally, Mega Bank and Nepal Investment Bank is halting all banking services for Poush 25 and Poush 26 in order to migrate data in preparation for the start of the joint business of the two institutions on Poush 27 i.e January 11, 2023.