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ACLEDA Bank Plc. Raises Capital to US$113,169,560

May 25, 2012

Phnom Penh — May 25, 2012 — ACLEDA Bank Plc., a leading commercial bank for all sectors which celebrates its twentieth anniversary this year, has raised its issued and paid-up capital from US$88,372,500 to US$113,169,560 which was announced today.

Mr. CHEA Sok, ACLEDA's Chairman

ACLEDA Bank Plc. is 51% owned by Cambodian interests, including its staff, with the remaining 49% held in equal parts by leading international institutions including the International Finance Corporation (IFC), Stichting Triodos Doen, Triodos Custody B.V (Triodos Fare Share Fund), Triodos SICAV II-Triodos Microfinance Fund, JSH Asia Holding Limited, and COFIBRED S.A. As previously, the additional capital has been raised by means of 2011 dividend issue of 24,797,060 in new shares at US$1 par which have been taken up by the existing shareholders.

This is the ninth time ACLEDA has lifted its capital since becoming a registered bank. The subsequent capital increase is to finance its branch expansion, ATM network building, and its growth to meet its strategic goals. ACLEDA has experienced consistent increases in net profit after tax from just over US$475,000 in 2001 to US$49,353,356 in 2011. In addition to calling on its shareholders for capital increases, the bank has been building up its general reserves by retaining between 50% to 60% of its post-tax profits and reports that after this current issue its tier 1 and tier 2 capital will reach US$246,710,826.

ACLEDA's Chairman, Mr. CHEA Sok, a former central banker and economist, explaining why the bank was seemingly always hungry for new capital, cited three principal reasons. "Firstly, ACLEDA continues to experience strong growth in its core domestic and oversea business with loans and other financial services and total assets increasing at more than 50% annually," he said. "Secondly, is to maintain our capital base at the upper level of the regulatory prudency ratios. But perhaps the most important of all is the need to build public trust. By demonstrating that we have strong shareholders ready and willing to support the bank we are creating confidence in our ability to protect our customers' savings."

Mr. IN Channy, President and CEO of ACLEDA Bank Plc.

Mr. IN Channy, President and CEO, added that, as announced last month, ACLEDA will be investing in a new MFI in Myanmar in early 2013, which will be named ACLEDA MFI Myanmar Ltd., after successful investing in Laos. On May 01, 2012, ACLEDA has established one new branch, namely "Vimean Chaktomuk", located along the Preah Norodom Blvd. and about 50m to the south of the Independence Monument, which increased the bank's networks to 235 branches and offices in Cambodia and 23 branches and offices in Laos, with the total assets have exceed US$1.71 billion by the end of April 2012. "In 2012, domestically, here in Cambodia, we'll increase our ATM network to 170 and installing 700 POS terminals. In addition we plan to open 17 new offices during the year bringing the total up to 252 throughout the country giving employment to over 7,800 staff," he said. "We are also embarking on a substantial upgrade of our management information systems to cope with this growth and in particular support our regional expansion."

Recently, ACLEDA has three subsidiaries: ACLEDA Bank Lao Ltd., ACLEDA Securities Plc. and ACLEDA Training Center.

For further information, please contact:

Mrs. SO Phonnary, EVP & Chief Operations Officer
E-mail:

Mr. PROM Visoth, EVP & Chief Legal Officer
E-mail: