July 11, 2016 (Release update) Joint Establishment of a New Company with Group Lease PCL

July 11, 2016

Representative: Nobuyoshi Fujisawa, Managing Director, CEO
Contact: Shigeyoshi Asano, Director
Telephone: +65-6225-6938

(Release update) Joint Establishment of a New Company with Group Lease PCL

With regard to the joint establishment of a new company with Group Lease PCL (release update), J Trust Co., Ltd., the parent of JTRUST ASIA PTE. LTD., published a press release. Please refer to the attachment.

July 11, 2016

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

(Release update) Joint Establishment of a New Company with Group Lease PCL

As announced in the news release “Joint Establishment of a New Company with Group Lease PCL” dated January 14, 2016, JTRUST ASIA PTE. LTD. (hereinafter, “JTRUST ASIA”), a consolidated subsidiary of J Trust Co., Ltd. (hereinafter, “J Trust”) planned to set up a joint venture PT Group Lease Finance Indonesia (hereinafter “GLFI”) in Indonesia in tie-ups with Group Lease PCL (the Kingdom of Thailand; Chairman & CEO, Mitsuji Konoshita; listed on the Stock Exchange of Thailand; SET symbol GL; hereinafter “GL”).

J Trust hereby announces that the joint company launched operations today, licensed by the Financial Services Authority of Indonesia (aka Otoritas Jasa Keuangan; hereinafter “OJK”) to provide hire-purchase financing and other services locally.

1.Establishment of the new company

J Trust Group (hereinafter “JTG”) aims to further strengthen the favorable relationship with GL in hire-purchase financing business in the Republic of Indonesia. To drive the growth of leasing and consumer finance businesses in Indonesia and other ASEAN markets using the Digital Finance Platform* of our strategic partner GL, JTG decided to establish GLFI, a joint multi-finance company, to provide hire-purchase financing for consumers in Indonesia with high growth potential.

Meanwhile, PT Bank JTrust Indonesia Tbk. (hereinafter “Bank JTrust Indonesia”), JTG’s consolidated subsidiary, is to provide financing for GLFI. JTG believes that this will increase the balance of high-quality loan in Bank JTrust Indonesia and contribute to better earnings accordingly.

GLFI was established on February 23, 2016. Its business started today because OJK granted us all the licenses required for local operations including hire-purchase financing and moneylending service.

Please note that GLFI is an equity method affiliate from the date of establishment.

* Digital Finance Platform is a very unique and financially innovative business model established by GL, featuring IT technology adopted throughout sales bases called Point of Sales (POS).

2.Overview of the new company

1. Trade Name PT Group Lease Finance Indonesia
2. Headquarters Jakarta, Republic of Indonesia
3. Representative Nicolay Kosyakof, President Director
4. Business Hire-purchase financing business, leasing business, etc.
5. Capital Capital 100 billion Indonesia rupiah (approximately 840 million yen)
(currency exchange rate: 1 Indonesia rupiah = 0.0084 yen)
6. Date of establishment February 23, 2016
7. Major shareholders and shareholdings Group Lease Holdings Pte.Ltd. 65.0%
PT Wijaya Infrastruktur Indonesia 15.0%

3.Future outlook

An effect on the JTG's consolidated financial results is expected to be insignificant. If any impact may arise, we will disclose it as soon as possible.




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