Bangkok--8 Apr--TMB Bank TMB announces that the Chief Executive Officer of TMB Bank along with the Chief Operating Officer and Chief Financial Officer have tendered their resignations to TMB opening the way for TMB to find suitable replacements. According to Mr. Subhak, “I have thought about resigning since last year, but recognized that I and other senior executives had to help maintain the bank’s stability while also completing the bank’s capital increase under difficult circumstances. Over the past 4 months, several milestones have passed. The Bank successfully increased its capital. New directors have come in to carry on the transformation, which previous directors helped guide, and the Board is now ready to decide on the new leadership for the Bank. ING has started its partnership with TMB, in business as well as operational initiatives. These were the milestones I set in my mind last year and now that they have been passed, I and my colleagues submit our resignations. We thank the Board for their support and in turn wish the Bank every success as it moves forward.” Mr. Sathit Limpongpan, the Chairman of TMB said “I would like to thank our CEO Khun Subhak Siwaraksa and his management team for having steered the bank through one of the most volatile and difficult times in the bank’s history following the merger with IFCT and DBS Thai Danu bank. He has laid a solid foundation for the bank with the completion of the capital increase and improvements in other critical areas. The bank greatly appreciates the willingness of the senior management to help the bank make the transition, and to remain in their present positions until suitable replacements are found” TMB is the sixth largest commercial bank in Thailand. In 2007, the bank completed a THB 37,600 million recapitalization with significant participation by the Ministry of Finance and ING Group. Currently, the MoF holds a 26% stake in TMB with ING Group holding a 25.1% voting shareholding and a 4.9% non-voting shareholding. TMB Bank Public Company Limited Founded on 8 November 1957, TMB Bank Pcl. operates a commercial banking business under a license granted by the Ministry of Finance, and with consent given by the Bank of Thailand. It also operates a securities business licensed by the Ministry of Finance and agreed to by the Securities Exchange Commission. The Bank aims to respond to the needs of its clients through its 470 branch network, 110 foreign exchange centers, 1,730 ATMs, as well as electronics banking systems. Its business encompasses commercial banking, offshore banking, investment banking, and other businesses as permitted by the regulatory authorities, including acting as an insurance agent for its alliance insurance companies. Listed on the Stock Exchange of Thailand, the Bank is the sixth largest bank, by total assets, in Thailand. As at 30 September 2007, its total assets are valued at THB 651,783 million. www.tmbbank.com TMB Bank: Better Partner, Better Value Media enquiries: Tel: +66 2 242 3255 +66 85 813 302 [email protected]