Bangkok--23 May--Bank of Ayudhya Mr. Tinnawat Mahatharadol, Head of Treasury of Bank of Ayudhya PCL, said the rates of the Bank’s Debentures No. 2/2551 in a total amount of THB 20 billion, which will be offered to both institutional and retail investors had been set as follows: (1) 2-year debentures due in 2010 with an interest rate of 4.25% per annum (2) 3-year debentures due in 2011 with an interest rate of 4.50% per annum Interest coupon payment will be made quarterly. BAY Debentures will be available for subscription on May 26 — June 4, 2008 (except Saturday and Sunday) at Bank of Ayudhya’s branches. “We will use the proceeds from the issuance for our banking business operation. This issuance will also provide an alternative investment with attractive rate of return to retail investors. In the case of over-subscription, we may exercise our greenshoe to match with the demand”, said Tinnawat. Fitch Ratings (Thailand) Limited and TRIS Rating Company Limited have assigned a National Long-term rating of ‘A+’ to the debentures of Bank of Ayudhya PCL. About Bank of Ayudhya Public Company Limited Bank of Ayudhya Public Company Limited (Symbol in SET: BAY), established on January 27, 1945, is the fifth largest commercial bank in terms of total assets in Thailand. BAY provides a full range of banking services to both its commercial and individual customers through 568 branches nationwide. On January 3, 2007, BAY and GE Money, a premier global consumer financial services firm, have successfully become strategic partners when GE Money took a 25.4% equity stake (fully diluted) in the Bank and subsequently increased its stake to 33% on July 2,2007, and 35% on September 18, 2007. Plans are underway to leverage the synergies of both BAY and GE Money in helping to achieve BAY’s vision to become the most admired universal bank in Thailand. To learn more about us, please visit our web site at www.krungsri.com. For media inquiries, please contact: Mrs. Yaowalak Poolthong Head of Corporate Communications and IR Tel: 02 296 3729, 02 296 2443 Fax: 02 683 1473 Email: [email protected]