Bangkok--19 Oct--TMB Bank The Board of Directors of TMB Bank Public Company Limited has approved a capital raising plan which is estimated to raise approximately Bt35 billion of new equity for the Bank. The capital raising plan is being undertaken in order to enable the Bank to strengthen its capital adequacy. According to the plan, the Bank will allocate 25,000 million shares at the price of Bt1.40 per share to both existing and new shareholders. The Bank has been conducting discussions with potential strategic partner(s) to take an aggregate of up to 25.20% stake in TMB and a further 4.92% in non-voting securities (NVDR). The Bank will also request a whitewash as part of this capital increase to waive the requirement otherwise applying to such strategic partners to make a tender offer to purchase all the securities of the Bank. The Ministry of Finance is expected to participate in the capital raising with a 26.11% stake following the capital raising. The remaining shares will be also offered to other existing shareholders. The Bank will hold a Board of Directors’ meeting once all definitive terms have been agreed. The capital raising plan is subject to shareholders approval at the Extraordinary General meeting which will be held on November 27, 2007, as well as approval by relevant regulators. The Bank expects the capital raising to be completed within this year.