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Handing-Over Ceremony for Vehicles Supplied under Operating Lease by ORIX Auto Leasing Malaysia Sdn. Bhd. to Malaysia Airports

03 May 2006

Sepang, 3 May 2006 - In a simple but significant handing-over ceremony, Malaysia Airports (Sepang) Sdn. Bhd. today took delivery from ORIX Auto Leasing Malaysia Sdn. Bhd. (OALM) of the first batch of vehicles for its Sepang airport operations, which were acquired on an operating lease basis.

The occasion was significant in that it represented yet another initiative by Malaysia Airports (Sepang) to tap outsourcing opportunities to enable to focus on its core competencies.

Representing Malaysia Airports (Sepang) at the handing-over was Encik Azmi Murad, General Manager of KL International Airport (KLIA) while OALM was represented by its General Manager, Mr. Ng Chee Kheong. Present to witness the ceremony were Encik Ahmad Zuber Abdul, General Manager of Human Resources Services, Malaysia Airports and Mr. Lim Beng Chor, Managing Director and Chief Operating Officer of ORIX Leasing Malaysia Bhd. as well as senior officers of both companies.

With the acquisition of vehicles on operating lease from OALM, Malaysia Airports (Sepang) looks forward to enjoying the benefits of significant cost savings and greater operational efficiency in the deployment of its vehicle fleet, arising from being freed of the hassles of ownership and in-house maintenance.

Commenting on this agreement, Encik Azmi Murad said, "With this auto leasing agreement with ORIX, Malaysia Airports will be able to replace our ageing vehicles in stages towards better efficiency in daily work and also save on the overall operational cost of our fleet of vehicles."

"This will allow Malaysia Airports to further focus on our core business as an airport operator," he added.

The various vehicles delivered to Malaysia Airports (Sepang) today comprised 14 units of Toyota Hilux SR Turbo 2.5 pick-up and 11 units of Toyota Hiace van. It will take delivery of a second batch of such vehicles in June 2006 under a similar operating lease arrangement.

A subsidiary of Malaysia Airports Holdings Bhd., Malaysia Airports (Sepang) manages and operates both the KL International Airport (KLIA) and KLIA Low Cost Carrier Terminal at Sepang.

OALM is a wholly-owned subsidiary of ORIX Leasing Malaysia, which is a leading financial services company. The principal activity of OALM is the provision of operating leases of both passenger and commercial motor vehicles to corporate fleet owners and it is the auto lease pioneer in Malaysia.

OALM's ultimate parent company, ORIX Corporation of Japan, is the top auto leasing company in the Land of the Rising Sun, with a current fleet of more than 550,000 vehicles. Besides Japan and locally, the ORIX Group also has auto leasing operations in Australia, New Zealand, Taiwan, South Korea, India, Pakistan, Sri Lanka, Singapore, Thailand, Indonesia and the Philippines.


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