Bursa Announcements

We refer to the announcement made by Tan Chong Motor Holdings Berhad (“TCMH”) on 2 August 2011 in relation to the upto RM2.0 Billion Nominal Value Asset-Backed Medium Term Notes Programme (the “ABS MTN Programme”) established by Premium Commerce Berhad (“PCB”).

We are pleased to announce that PCB has completed the sixth issuance under the ABS MTN Programme, Notes Series 2012-A, on 3 December 2012. The RM388 million Notes Series 2012-A, issued in various classes and tranches, forms part of the securitization of hire purchase receivables undertaken by TCMH’s wholly-owned subsidiary, TC Capital Resources Sdn Bhd (the “Originator”). Notes Series 2012-A is the largest issuance by PCB to-date.

Proceeds from the issuance were used by PCB for the acquisition of hire purchase receivables from the Originator and to defray fees and expenses related to the issuance. The Originator will utilise proceeds from the sale of the hire purchase receivables as working capital.

Class A Notes of the Notes Series 2012-A were subscribed by a broad base of investors while the Originator had subscribed for the Class B and Class C Notes.

A summary of the principal terms of the Notes Series 2012-A is set out in the table attached below.