Bangkok--31 Jul--TMB Bank TMB Bank Public Company Limited unveiled its new vision to become a leading Thai Bank with world-class financial solutions, and outlined the seven-point key business actions to be accomplished in the next five months, Mr. Boontuck Wungcharoen, Chief Executive Officer of the Bank said today during his first press conference since his appointment to TMB on July 14. Mr. Boontuck announced that TMB management have a clear and strong determination for the bank “to become a leading Thai bank with world-class financial solutions”. He said action plans for all the key tasks leading up to the goals have been mapped out. To support the TMB’s aspiration, the management will approve a new 3-5 year strategic plan by the end of the 3rd quarter of 2008 The seven action points for TMB in the next five months are 1. Additionally grow net total performing loans by 20 billion baht from now until the end of the year, and deposits by 25 billon baht. 2. Sell off 20 billion baht NPL and 10 billion baht NPA by the end of the year. The Bank will appoint financial advisors to assist in the process. TMB’s financial position has been solidly strengthened since ING Group became strategic partner in December 2007. Consequently, the Bank is in a better position to manage NPA and NPL reserves. Mr. Bart Hellemans, Chief Risk Officer of TMB, said, “The NPL ratio for the Bank now stands at 16%. The plan to sell off NPL and NPA will help reduce the NPL ratio to under 10%. With the decreased NPL, we will be able to move forward without having to worry about the issue.” 3. Expand service network by opening 40 new branches and refurbishment of 20 existing branches. Five new branches are under construction. Mr. Ramky Subramanian, TMB Chief of Retail Banking, said, “We currently have 473 branches around the country. There is, still, a vast opportunity for TMB to make presence of our service in prime locations with the expansion, TMB will soon have a network of over 500 branches. Mr. Subramanian added that TMB will also step up in providing phone banking and internet banking. 4. Transform TMB into a customer centric organization, with well defined customer segments. Specific strategies will be laid out for each customer segment, i.e. there will be assigned team to take care of each group of customers to support them in all stages of their life under the concept of lifetime partnership. Mr. Agapol Na Songkhla, TMB Executive Vice President — Corporate Strategies, said, “From now on, all TMB business and support unit shares one common goal. That is to rigorously perform their duties in order to help support and answer tocustomer’s needs.” 5. Transform the TMB branch network to be convenient sales and service channels. The Bank will also equip branches with modern tools which will help increase the branch sales and upgrade service quality. The branch initiative has started last year and will materialize by the end of the year. 6. Establish Wealth Management Center in the Bank’s headquarters and in Silom in order to provide asset and wealth management for customers. Mr. Boontuck said he is confident that with the support from the world-renown ING Group, TMB will become a leading wealth management service provider in Thailand. 7. Provide global network support to local customers. With the worldwide network of ING Group, TMB has a strong potential to support the customers’ business expansion abroad. The initial target markets include China, India and Korea. Mr. Boonntuck reiterates that all the seven actions are aimed to set strong momentum over the next five months. He said TMB has already completed some of the key components of the tasks in some area only, missing only a few points. Some of the tasks require only a final bolt to be ready and some of them needs only a final check before the button is pushed to move ahead. Mr. Boontuck added, “I know I am new here while all the TMB staff is new to me. However, all the TMB staff are also new to the “New TMB” which is being transformed into an organization full of energy and ready to advance to be a leading bank. Since my first day in the job, I have got myself familiar with the TMB staff and have had multiple meetings with them. I could feel the enthusiasm that would generate power to move TMB up to a new level. That’s why I am confident that we will achieve our goals as planned.” 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 473 branch network, 108 foreign exchange centers, 1,748 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 June 2008, its total assets are valued at THB 621,578 million. Media enquiries: 30 July, 2008 Tel: 02 242 3255, 02 242 3260, 085 8132 3020