Malaysian Rating Corporation Berhad (MARC) hereby announces that the first tranche of DRB-HICOM Berhad’s (DRB-H) Fixed Rate Notes Issuance Facility of RM280 million was redeemed on 15 January 2001 from the proceeds of sale of DRB-H’s interest in Credit Corporation (Malaysia) Bhd to Hong Leong Bank Berhad, pursuant to the terms of the Facility.

The first tranche of RM280 million was one of two tranches under DRB-H’s Fixed Rate Notes Issuance Facility totalling RM380 million, which has been assigned a short term rating of MARC-2 by MARC. The second tranche of RM100 million has yet to be drawndown.