Bursa Announcements

The Board of Tan Chong Motor Holdings Berhad (“TCMH” or “Company”) is pleased to announce that the Company has on 20 October 2014 received approval from the Securities Commission Malaysia for the establishment of the CP/MTN Programmes (“SC Approval”).

The CP Programme and the MTN Programme will have tenures of up to 7 years and up to 20 years respectively from the date of the first issuance from each of the respective programmes.

The proceeds from the issuance of the CPs and/or MTNs shall be utilised by TCMH and its subsidiaries (“TCMH Group”) for its capital expenditures, refinancing of, in part or in full, the TCMH Group’s existing and future bank borrowings, refinancing any CPs and/or MTNs, working capital and for general corporate purposes of the TCMH Group.

RAM Rating Services Berhad has assigned initial long-term and short-term ratings of AA2 and P1 respectively for the CP/MTN Programmes.

AmInvestment Bank Berhad (“AIBB”) has been appointed the Principal Adviser, and AIBB and CIMB Investment Bank Berhad are the Joint Lead Arrangers, Joint Lead Managers and Joint Book Runners for the CP/MTN Programmes.

The first issuance of the CP/MTN Programmes is expected to take place within 2 years from the date of the SC Approval.

This announcement is dated 20 October 2014.