Dec 28, 2015 Acquisition of Group Lease PCL Shares

December 28, 2015

Company Name: JTRUST ASIA PTE.LTD.
Representative: Managing Director, CEO Nobuyoshi Fujisawa
Contact: Director Shigeyoshi Asano
Telephone: +65-6336-1606




Acquisition of Group Lease PCL Shares

As announced in the news release titled “(Progress Regarding Disclosed Information) Underwriting of Convertible Bond Issued by Group Lease PCL Listed on the Stock Exchange of Thailand” dated May 25, 2015, J Trust Group (hereinafter “the Group”) has completed the underwriting of convertible bond issued by Group Lease PCL (the Kingdom of Thailand; Chairman & CEO, Mitsuji Konoshita; listed on the Stock Exchange of Thailand; SET symbol GL; hereinafter “GL”). As of December 30, 2015, through exercising the right to convert GL’s convertible bond into shares (hereinafter “Conversion”), the Group is to acquire 6.43% of the common shares outstanding as shown below:

I. Conversion

GL’s core business is motorcycle hire-purchase financing business in Thailand and Cambodia. GL is expanding into Thailand’s neighboring countries including booming markets of CLMV (Cambodia, Laos, Myanmar and Vietnam). GL is now planning to expand further into Indonesia whose population is recorded at 250 million, far larger than Cambodia, with growing number of new consumers with higher purchasing power. The Group has decided Conversion through JTRUST ASIA PTE. LTD. (hereinafter “JTRUST ASIA”) to further strengthen partnership in hire-purchase financing business in Indonesia in the future. The Group considers relationship with GL as a win-win partnership because the Group will grow the banking business of Indonesian subsidiary; PT Bank JTrust Indonesia, Tbk., as the Group supports GL to grow its leasing and other finance-related businesses in ASEAN as well.

Through Conversion, the Group aims to grow leasing and other consumer-finance businesses in Indonesia and other markets in ASEAN in strategic partnership with GL going forward.

II. Overview of JTRUST ASIA

1. Trade name JTRUST ASIA PTE. LTD.
2. Headquarters Republic of Singapore
3. Representative Nobuyoshi Fujisawa, Managing Director & CEO
4. Business Investment business & management support services
5. Capital 200 million Singapore dollars (approximately 16.3 billion yen)
(as of November 30, 2015)
6. Date of establishment October 7, 2013
7. Principal shareholder and shareholdings J Trust Co., Ltd. 100.00%

III.Overview of GL

1. Trade name Group Lease PCL
2. Headquarters Kingdom of Thailand
3. Representative Mitsuji Konoshita
4. Business Hire-purchase financing business of motorcycle and agricultural equipment
5. Capital 1,449.79 million Baht (as of end November 2015)
(approximately 4.95 billion yen, 1Baht= 3.42 yen)
6. Date of establishment May 6, 1986

IV.Number of shares to be converted and shareholding ratio after Conversion

JTRUST ASIA PTE. LTD. 98,100,000 shares (shareholding ratio: 6.43%)

V.Schedule

December 30, 2015  Conversion date (Planned)

VI.Future outlook

The impact on the consolidated operating results of the fiscal year ending March 31, 2016 is insignificant.

End of Document

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