March 22, 2018 Acknowledgement for the Current Situation on Group Lease PCL (Continuous Disclosure)

March 22, 2018

Company Name: JTRUST ASIA PTE.LTD.
Representative: Nobuyoshi Fujisawa, Managing Director,CEO
Contact: Shigeyoshi Asano, Director
Telephone: +65-6535-5152

Acknowledgement for the Current Situation on Group Lease PCL
(Continuous Disclosure)

J Trust Co., Ltd., the parent of JTRUST ASIA PTE. LTD., published a press release “Acknowledgement for the Current Situation on Group Lease PCL (Continuous Disclosure)”. Please refer to the attachment.

March 22, 2018

Company Name: J Trust Co., Ltd.
(Listed on Second Section of the Tokyo Stock Exchange, code 8508)
Representative: Nobuyoshi Fujisawa, President & CEO
Contact: Taiji Hitachi, Director and Executive Officer
Telephone: +81(3) 4330-9100

Acknowledgement for the Current Situation on Group Lease PCL
(Continuous Disclosure)

J Trust Co., Ltd. (hereinafter, “the Company”) announced its acknowledgement for the current situation regarding Group Lease PCL (hereinafter, “GL”) and our view on the future direction in the previous releases. The Company would like to make further announcement on the subsequent events as follows.

In Thailand, JTRUST ASIA PTE. LTD. (hereinafter, “JTA”) has filed a civil complaint to claim compensation for damages against GL, relevant directors of GL and Mr. Mitsuji Konoshita. On March 21, 2018, GL submitted a petition requesting the Civil Court in Thailand to have an order to withdraw the acceptance of the complaint filed by JTA in respect of GL and to dismiss the complaint in respect of GL. GL made its announcement to that effect on the Stock Exchange of Thailand on the same day.
On March 22, 2018, the Civil Court in Thailand denied the petition by GL.

The Company is fully committed to maximizing the value of the Company and the interests of stakeholders with taking advantages of its expertise and experiences.

We will make further disclosure as soon as any further development occurs.

-End-

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