Bangkok--12 Nov--TMB Bank DBS Bank today welcomed the finalisation of TMB Bank's recapitalisation plan, which was announced yesterday. DBS confirmed that it had put in a proposal for the recapitalisation as part of a consortium. The proposal resulted in an improved final offer for the benefit of all existing TMB shareholders. DBS had previously announced on 14 September that it did not intend to participate in TMB's proposed recapitalisation as prevailing circumstances then were not conducive to DBS playing a greater role in improving TMB's performance. DBS believed these issues were subsequently addressed in its proposal. TMB's recapitalisation is subject to shareholder and regulatory approvals, and is expected to be completed by the end of 2007. As a significant shareholder of TMB, DBS will participate in this process, having regard to the interest of all TMB and DBS shareholders. Thailand is an important market in Asia and DBS remains committed to growing its business in the country. DBS will continue to work with the Ministry of Finance and the Bank of Thailand as it assesses its options in Thailand.About DBS Headquartered in Singapore, DBS is one of the largest financial services groups in Asia with operations in 15 markets. The largest bank in Singapore as measured by assets, and a leading bank in Hong Kong, DBS' "AA-" and "Aa1" credit ratings are among the highest in the Asia-Pacific region. DBS has leading positions in corporate, SME and consumer banking, treasury and markets, wealth management, securities brokerage, equity and debt fund raising. Beyond the anchor markets of Singapore and Hong Kong, DBS serves corporate, institutional and retail customers through its operations in China, India, Indonesia, Malaysia, Thailand and The Philippines. More information about DBS Group Holdings and DBS Bank can be obtained from our website .