Inaugural Ringgit medium term notes issuance by Kexim oversubscribed

March 3, 2008: RHB Investment Bank Bhd ("RHB Investment Bank") today announced that The Export-Import Bank of Korea's ("KEXIM") inaugural RM1.0 billion conventional medium term notes (MTNs) issuance has been oversubscribed by 1.5 times. This issue is the first out of KEXIM's RM3.0 billion Multi-Currency Conventional and/or Islamic MTN Programme and represents the first issue by a Korean entity in the Ringgit debt market.

The MTNs will be issued on 12 March 2008 in two tranches. The first tranche will be RM500.0 million and will have a maturity of five years with a coupon rate of 4.08%. The second tranche of another RM500.0 million will carry a coupon rate of 4.5% with a maturity of 10 years. Net proceeds from the issuance of the MTNs will be swapped into US Dollars and utilised by KEXIM for its general corporate purposes.

The MTN Programme has been accorded the highest rating of AAA by Malaysian Rating Corporation Bhd. Internationally KEXIM is rated Aa3 by Moody's Investors Service, which is two notches above the sovereign rating of the Korean Government.

RHB Investment Bank is the Principal Adviser and Sole Lead Arranger for the MTN Programme. RHB Investment Bank, OCBC Bank (Malaysia) Bhd and CIMB Investment Bank Bhd acted as Joint Lead Managers and Joint Bookrunners for the inaugural RM1.0 billion issue. Merrill Lynch (Asia Pacific) Limited is the International Financial Adviser to KEXIM.

KEXIM, an agency of the Korean Government, is an official Export Credit Agency ("ECA") providing comprehensive export credit and guarantee programmes to support Korean enterprises in conducting overseas business. Since its establishment in 1976, KEXIM has actively supported Korea's export-led economy and facilitated economic co-operation with foreign countries.

Its primary services include export loans, trade finance and guarantee programmes to meet the needs of clients in a direct effort to both complement and strengthen the clients' competitiveness in global markets. KEXIM also provides overseas investment credit, import credit and information services related to business opportunities abroad. Korea is one of the world's leading exporters and is home to many corporations with global brand names.

The shareholders of KEXIM are the Government of the Republic of Korea, The Bank of Korea and The Korea Development Bank. Its authorised capital is KRW4,000,000 million while its paid-in capital was KRW3,308,755 million, as of 30 September 2007.