[PRESS RELEASE ] - INCREASE DIVERSIFICATION OF FUNDING SOURCES THROUGH ISSUANCE OF BOND III HINO FINANCE INDONESIA YEAR 2024

Jakarta, 27 June 2024 - PT Hino Finance Indonesia ("the Company") seeks to increase the diversification of funding sources by completing the issuance of Bond III Hino Finance Indonesia 2024 ("Bond III") worth IDR 700 billion. The total issuance of Bonds III is IDR 700 billion, consisting of series A of IDR 342,895,000,000,- with an interest rate of 6.70% for a period of 370 (three hundred and seventy) Calendar Days, and series B of IDR 357,105,000,000 ,- with an interest rate of 7.25% for a period of 3 (three) years.

All proceeds from Bond III after deducting emission costs will be used entirely by the Company to repay the principal of Bond II amounting to IDR 366 billion and the remainder will be used as the Company's working capital in accordance with the Company's business sector in financing services.

The Company's Bond III has received effective letter no. S-77/D.04/2024 from the Financial Services Authority on June 26 2024, and will be listed on the Indonesia Stock Exchange on July 8 2024.

President Director of PT Hino Finance Indonesia Hajime Kawamura said that his party was grateful for the solid and continuous support from investors, so that the issuance of the Company's Bond III amounting to 700 billion received a positive response and was fully absorbed by the market.

Bond III received a rating of "AAA(idn)" from PT Fitch Ratings Indonesia, where the national rating "AAA" indicates the highest rating given by Fitch on a national scale for Indonesia, so that Bond III was carried out on a clean basis without special collateral.

--------------------------------------------------------------------------------------------------------------------------

For further information contact:

Corporate Secretary
PT Hino Finance Indonesia
Tel. (021) 2982 7960
Fax. (021) 2982 7861
Email. corporate.secretary@hinofinance.co.id

About the Company

The Company is a company established based on a joint venture agreement between Hino Motors Ltd., PT Indomobil Multi Jasa Tbk., and Summit Global Auto Management B.V. (part of Sumitomo Corporation) in accordance with the Deed of Establishment dated 11 July 2014.

The Company is a specialist financing company for commercial trucks, especially for the Hino brand, which is present to support the sale of Hino products in Indonesia through financing solutions such as finance lease, sale and leaseback, and other products in accordance with the Company's articles of association. To date, the Company has 13 marketing points spread across major cities in Indonesia to provide the best service to customers. The Company is registered with the Association of Indonesian Financing Companies (APPI) and in carrying out its business, the Company is licensed and supervised by the Financial Services Authority (OJK).