navigate_nextMedianavigate_nextOur Newsnavigate_nextSigning Agreement with KRUNG THAI Bank

ACLEDA Bank Signs Agreement with KRUNG THAI Bank
Cross Border Trade and Investment Agreement between Cambodia and Thailand

April 27, 2009

Signing agreement between ACLEDA Bank and Krung Thai Bank

Phnom Penh, April 27, 2009 — ACLEDA Bank Plc. has reached an agreement with KRUNG THAI Bank PCL. This agreement will pave the way for intensifying cooperation in areas of banking business, especially commercial payment and the international trade finance activities of the two banks and its nations. The agreement was signed by Mr. Chhay Soeun, Executive Vice President and Chief Finance Officer on behalf of ACLEDA Bank Plc. and Ms. Kittiya Todhanakasem, Senior Executive Vice President, Managing Director Financial Management Group on behalf of KRUNG THAI Bank PCL.

Under the agreement, both banks will also provide reciprocal support for their respective customers and the two countries:

1. To encourage an international collaboration on financial and banking systems;
2. To promote the transactions between Cambodian Riel ("KHR") and Thai Baht ("THB") towards international level;
3. To improve effectiveness and safety of cross border trade payments and settlements via banking system between Cambodia and Thailand; and
4. Exchange of information related internal rules, regulations, principles and other conditions to each other.

This agreement is one more step upward for ACLEDA to facilitate its customer transaction on the trade payments along the Cambodia-Thailand border after ACLEDA Bank successfully signed a similar agreement with a Vietnamese bank in February 2006 to support its customers' cross-border settlements between Cambodia-Vietnam and it will leverage the strengths of ACLEDA Bank.

Delegations visit ACLEDA Bank's headquarters banking hall

ACLEDA and KRUNG THAI Bank are convinced that the cooperation will further intensify and develop the long-standing business relations for the benefit of the two partners, their customers and shareholders.

About ACLEDA Bank Plc.

ACLEDA Bank currently is the Cambodian second largest bank in total assets and the largest network with over 16 years presence in domestic financial services. As at the end of March 2009, the value of the loan portfolio has reached more than US$456 million and served more than 228,210 borrowing customers. Deposits have been more than US$527 million with approximately 470,676 accounts. Its total assets have exceeded US$747 million and employ 6,524 staffs. A subsequent injection, the bank's paid-up capital increase to US$60 million in January 2009 to finance its branch expansion and build an ATM network whilst this latest addition will enable the bank to grow continuously to meet its strategic goals.

The Bank offers a wide range of banking products and financial services to corporate and retail customers through a variety of delivery channels. ACLEDA is a leading player in the retail banking market and services its large customer base through a network of 227 offices. With 61 ATMs serve 24/7 and 24 hour call center to ensure that customers have access to its services at all times.

ACLEDA international principal correspondents include HSBC Bank USA — New York; Standard Chartered Bank — New York, London and Frankfurt; ING BELGIUM NV/SA — Brussels; United Overseas Bank (Thai) Public Company Limited — Bangkok; Commonwealth Bank of Australia — Sydney; Vietnam Bank for Agriculture and Rural Development — Hanoi; Bank of Nova Scotia — Toronto; Wachovia Bank N.A — New York International Branch; Citibank N.A — New York; Sumitomo Mitsu Banking Corporation — Tokyo; Bank of America — New York; JPMorgan Chase N.A — New York; and other 414 international correspondent banks (including corresponding branches) within 54 countries.

About KRUNG THAI Bank PCL.

KRUNG THAI Bank PCL. is the second largest bank in terms of assets of US$39,860 million in 2009, and the total staff is 16,870 working in 851 branches & transaction offices. The total loan outstanding is US$30,386 million with a strong-and-core customer base in Thailand. The KRUNG THAI Bank PCL. is 15^th principal partner of ACLEDA Bank Plc. on providing correspondent account in THB and USD currencies and the second international correspondent bank cooperating of cross border payment of ACLEDA Bank Plc., which has Nostro Account Relationship in USD and KHR currencies.

For more information contact:

Mrs. So Phonnary, Executive Vice President & Chief Operations Officer
E-mail:

Mr. Prom Visoth, Senior Vice President & Head of Legal & Corporate Affairs Division and Company Secretary
E-mail: