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ACLEDA Securities Plc. Accredits as a Bondholders Representative

May 17, 2018

PHNOM PENH — May 17, 2018: ACLEDA Securities Plc., the Securities Firm You Can Trust and the Cambodia's leading Securities Firm in Cambodia, announces today that it obtains accreditation as a Bondholders' Representative from Securities and Exchange Commission of Cambodia (SECC).

A bondholders' representative represents investors in their relationship with issuers, monitors the issuer and notifies to bondholders, and undertakes to act for the benefit of bondholders in the manner stated in the terms and conditions of the bond. They shall fulfill its specific roles and duties as follows:

1. Protecting the interest of the bondholders;
2. Monitoring collateral which used for the debt securities issuance in accordance with the provisions of the bondholders representative agreement and shall not use the collateral to gain profit;
3. Monitoring the solvency level of the issuer set out in the terms and conditions of the debt securities issued;
4. Monitoring the compliance with the terms and conditions of the debt securities issued and the bondholders representative agreement;
5. Carrying out such acts as necessary for the protection of the bondholders and resolve the grievances of the bondholders;
6. Ensuring that the debt securities have converted or redeemed in accordance with the terms and conditions of the debt securities issued;
7. Reporting to the bondholders at least once every 6 (six) months about the compliance of the terms and conditions of the debt securities issued;
8. Calling or requesting for a meeting between the issuer and the bondholders in cases of there is any requisition in writing signed by at least one-tenth of the amount of outstanding debt securities and there is any default or which in the opinion of the bondholders’ representative affects the interest of the bondholders.

Mr. PROM Visoth, President & Chief Executive Officer of ACLEDA Securities Plc., said that it is another milestone for ACLEDA Securities Plc in this year that we obtained an accreditation as a Bondholder Representative from SECC. We will play another important role to support and develop Cambodia Securities Market, especially new bond market on top of our existing service as a securities broker. We will act as a single point of contact in the relationship with issuers and protect the benefit of bondholders who will invest their money in Cambodia bond market in the manner stated in the terms and conditions of the bond.

ACLEDA Securities Plc. is a brokerage firm in securities sector licensed and accredited by the Securities and Exchange Commission of Cambodia (SECC) to provide services as a Securities Broker and Bondholders Representative to individual and institutional customers, investors and public. ACLEDA Securities Plc. is a subsidiary of and owned 100% by ACLEDA Bank Plc. By the end of April 30, 2018, ACLEDA Securities Plc. has total assets of US$2.3 million and total trading accounts of 2,958 with total outstanding securities of 5.8 million.