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Construction Site Opening Ceremony for ACLEDA Bank Headquarters

May 27, 2005

Day Time Perspective

ACLEDA Bank Plc., the leading bank in retail banking in Cambodia inaugurated the Opening of the Construction Site for its headquarters on Friday, May 27 th , 2005. The ceremony was performed at Lot #23, section Srah Chak, Khann Daun Penh, Monivong Blvd. Mr. In Channy, the General Manager of ACLEDA Bank Plc. greeted friends, distinguished guests and the Chairman and Vice-Chairman of the Board as well as senior management and staff of ACLEDA Bank.

The ACLEDA Bank Headquarters building will be constructed on a plot of land of 4,550m² under construction permit #32 DNS/RDN April, 19 2005 starting from this month (May, 2005) and is expected to be completed in the third quarter of 2006.

In order to satisfy international standards for its headquarters building, the highly regarded firm of BKAsia Pacific was appointed as Project Manager and in September a design competition was held which attracted entries from architects from Cambodia, Germany, Netherlands, New Zealand, Thailand and UK,. After considerable deliberation the internationally renowned Bangkok based team of Chuchawal-de Weger/Design 103, both members of the Royal Haskoning Group of the Netherlands, was selected and work on site preparation commenced in February this year.

Night Time Perspective

The new building, which is expected to cost in excess of US$5.5 million, will afford 6,800m² of working space including an elegant atrium banking hall with a public area of over 500m². Parking space for 168 vehicles will be provided for in a separate car park at the rear and provision for the protection of customers handling large sums of cash has been included. Construction and design will be to the highest international standards with special attention paid to security, fire protection, energy conservation and occupational health and safety. The special needs of the physically handicapped have also been planned for and separate facilities for money exchange, Western Union and 24-hour ATM access will be provided.

Safety, Health and Environment (SHE) Management

ACLEDA Bank is conscious of the fact that in all organizations and businesses there is the possibility that accidents may occur particularly during the construction period. Accidents while working arise from many causes i.e. unsafe working practises and an unsafe environment. However, the impacts of accidents can be minimized or prevented by efficient Safety, Health and Environment (SHE) Management.The objective of having occupational health and safety management is to prevent losses and to minimize the degree of losses from accidents to workers, company assets and the environment.

ACLEDA Bank has appointed a full-time professional safety officer from Royal Haskoning to supervise safety standards and procedures on the building site and submit monthly reports to the bank.

Signboard

Professional Advisors, Consultants and Contractors

ACLEDA Bank has contracted with the following companies for:

• Client Representative: BK Asia Pacific
• Quantity Surveyor: BK Burns (Thailand) Ltd
• Consulting Engineer: Chuchawal-de Weger International Ltd
• Consulting Architect: Design 103 International Ltd
• Consulting Interior Design: Interior Architecture 103 Co., Ltd
• Consulting Security and Fire Protection: Functional Engineering
• Construction Management: Royal Haskoning Cambodia
• Piling Contractors: KC Gecin Enterprises
• Signboard by Inkjet Images (Cambodia)
• System Integration Consultants: First Cambodia

Side View Perspective

ACLEDA Bank took the decision to invest in its own headquarters building to fulfil its vision to be Cambodia’s leading commercial bank providing superior financial services to all segments of the community.

Our mission is to provide micro, small and medium entrepreneurs with the wherewithal to manage their financial resources efficiently and by doing so to improve the quality of their lives. By achieving these goals we will ensure a sustainable and growing benefit to our shareholders, our staff and the community at large.

With our confidence in the future of the Kingdom of Cambodia, ACLEDA Bank sees that it is the right time to have its own international standard headquarters building to:

• Reflect our sustainable strength for our valued customers and the public at large;
• Have an impressive headquarters to efficiently and effectively support and manage its large branch network within Cambodia and its international operations, and;
• Build more trust for its customers locally and overseas.

Today ACLEDA Bank Plc. has 135 branches and offices throughout 21 provinces and towns in Cambodia and it is conducting an assessment for the establishment of more branches in Stung Treng (in July, 2005), Rattanakiri, and Mondulkiri by 2006.

We believe that construction of our own headquarters building will show the bank's commitment to the improvement of service quality and will give the public confidence in our long term safety and trustworthiness. Above all, we want all our valued customers to feel proud of their bank.