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Grand Opening of Savannakhet and Champasak Branches

October 21, 2008

On October 16-17, ACLEDA Bank Lao inaugurates two branches in Savannakhet and Champasak provinces in Lao PDR respectively; under presidency of H.E. Vilayvanh PHOMKHE governor and vice-governor of Savannakhet province; H.E. Sorn Say SIPHANDON governor of Champasak province, Lao PDR; chairman, vice-chairman and members of board of directors of ACLEDA Bank Lao; managements of ACLEDA Bank Plc.; Managing Director & CEO of ACLEDA Bank Lao; local and international guests.

H.E. Vilayvanh PHOMKHE, governor of Savannakhet province, taking photo with ACLEDA Bank's management and staff

The expansion of the operating network of ACLEDA Bank Lao Ltd. in Savannakhet and Champasak branches occurred in accordance with the economic development, stability, and over-projected growth of People's Democratic Republic of Laos (Lao PDR), particularly Savannakhet and Champasak provinces, in recent years; said governors of Savannakhet and Champasak provinces.

Governors congratulated with compliment on efforts of the management of ACLEDA Bank Lao and firmly supported and welcomed the provincial branches of ACLEDA Bank Lao in Savannakhet and Champasak. They also said that the expansion of the operation network will definitely offer numerous benefits to people and businessmen to get access to financial sources and other financial services which are key elements to generate jobs and income, and contribute to developing economy and improving standard of living of people in Savannakhet and Champasak and the nearby provinces. They believed that ACLEDA Bank Lao will be a development partner, a good operator with all levels of local authorities, and a good financial services provider to clients, aimed at extending its operations in a more effective and productive manner.

Mr. Saroeun VANN, Managing Director & CEO of ACLEDA Bank Lao Ltd., briefed on ACLEDA Bank Lao Ltd. as the first commercial bank from Cambodia to invest in the Lao PDR with a paid-up capital of Kip 100 billion holding by four shareholders:

H.E. Sorn Say SIPHANDON, governor of Champasak province, taking photo with ACLEDA Bank's management

• ACLEDA Bank Plc., Cambodia, holding shares of 47.50%
• FMO, Netherlands, holding shares of 30%
• Triodos-Doen, Netherlands, holding shares of 11.25%
• Triodos Fair Share Fund, Netherlands, holding shares of 11.25%
• And it soon will has two more shareholders including International Finance Corporation (IFC—WB) and Financial Cooperation of the German Government (KfW)

He remarked "the Mission of ACLEDA Bank Lao Ltd. is to provide 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. We will at all times observe the highest principles of the ethical behaviour, respect for society, the law and the environment."

At this first stage we launch our operation in Savannakhet and Champasak branches we serve many banking services including:

• Loans: Small Business Loan, Medium Business Loan, and Personal Loan
• Deposits: Savings Account, Current Account, and Fixed Deposit Account
• Funds Transfers: Local Funds Transfers, International Funds Transfers
• Cash Management: Payroll, Money Exchange, and Traveller Checks
• Trade Finance: Performance Guarantee and Bid Guarantee