23 February, 2015
To whom it may concern
Wedge Holdings Co., Ltd.
Tatsuya Konoshita,
Representative Managing Director & CEO(Code 2388 TSE JASDAQ Market)
Contact: Yukihiro Yokoyama, Corporate Officer(Tel: 03-6225-2207)

GL’s 2014 Financial Results Briefing for Finance Business-- Explanation on GL’s Largest-ever Sales and Rapid Recovery in Profit in 2014
and Future Development to ASEAN --On February 12, 2015, our major affiliated company, the SET-listed motorcycle leasing firmGroup Lease Public Company Limited (GL) had announced their financial results for 2014, andGL’s Chairman and Chief Executive Officer Mr. Mitsuji Konoshita held the financial results briefing
gathering approximately 50 analysts and journalists.
With regard to the description explained on the briefing, we introduce his presentation with
supplemental explanation for each page.
Summary of the briefing is as follows.
1. GL had aggressively invested for their business expansion until 2014 Q3 and results fromthe investment were appeared as the record-setting sales.
2. Increase in profitability in Thailand as well as growth of our Cambodian business practicallybrought our profit to the largest-ever results.
3. We will aggressively develop our business to the CLMV countries in the future periods.

1

GL’s Chairman and Chief Executive Officer, Mr. Mitsuji Konoshita giving his presentation

Many active questions and answers with some humorous conversation

2

A lot of analysts and journalists gatheredThank you.

3

After ailing period continued
since 2013, we saw the following
conditions in 2014 4Q:• Recovery of Thai market• Start of profit contribution
from Cambodia (GLF)

Targeted market is Asia,
especially focusing on CLMV.
I will explain the points forrecovery and our next target.

Themes for this presentation are;① Thanaban② GL Finance (Cambodia)③ Next target, GL Leasing (Lao)④ Myanmar and Vietnammarkets

Aggressive investment had continuedby Q3.
• Acquisition of Thanaban in July 2014
• Completion of expanding sales
locations throughout Cambodia
Compared to the same period of theprevious year,• 2 billion baht in assets• 1.7 billion baht in portfolio
had increased.
Here comes the harvest season.
Among 93 million baht of profit,• 72 million baht was earned in Thai,and• 22 million baht was earned inCambodia.
Regardless of Cambodia’s portfolio size
which is one-seventh of Thai, theyachieved major contribution. They willpass Thai in the near future.

Assets rapidly grown as 4 to 5
million USD increase between Q3
to Q4, compared to 2 to 3 million
USD increase between Q1 to Q2.
This is because of the following
factors in Q3.
① Acquisition of Thanaban② Concentrated investment in
Cambodia③ Recovery of GL itself
We had continued investment
during ailing period of Thaimarket. As a result, situation had
been improved.
Here comes the harvest season.
In this Q4, we achieved recordsetting results on the quarterbasis.
Prospect for 2015 is favorable.

Took over on July 2014

Thanaban’s image used to be stiff
as the bank subsidiary.
Their brand image was renewedby changing the brand logo.

Motorcycle finance,“Moto-4-cash” was released
ahead of competitors.
Currently, number of customer
reached 1,000 per month.

Our target customers are people who
can use more than 50 USD in cash
other than their living cost (people inthe red circle).
In CLMV countries and Indonesia,
600 million people are in this targetzone.
Average age is 19 in Myanmar and 25
in Laos (it shows how promising on
motorcycle sales and the national
economic growth.) This is one of thefactors for large possibility.

There is 3,000times bigger market infront, compared with around200thousand of our existing clients.

131 points of sales for motorcycle
finance22 points of sales for Kubota
agricultural machine finance

44 to 45% of who buy agricultural
machine use the finance loan.
Investment was completed. Wewill accelerate sales activities andharvest profit.

Number of contract had increased
dramatically.
Accumulated total of contract at theend of December was 15 million.

Monthly contracts reached 1,600,
which was more than twice of thesame month last year.
The target in 2015 is 5,000 ofmonthly contract.
1year has passed since agricultural
machine finance launched, and now
it’s carrying on full operation.
The amount per contract ofagricultural machine finance isnearly 20times more thanmotorcycle finance, therefore theaccumulated finance amount isdrastically increasing.

About half is earned in PhnomPenh.

TV commercial started on
November has big impact.

Among Cambodian customers,• 45% live in their own house,and• 27% share house with theirparents.
With this situation, bad debt ratio
after repossession is almost zero.
Since less than 1% of Thai
customers have their own house,
we can say that Cambodian
customers are so healthy.

Portfolio growth of Kubota isremarkable. (1 contract for
agricultural machine is equal to 20
contracts for motorcycle.)

In the whole GLF’s portfolio,
Kubota now takes up 3.1 million
USD, 17%.
In 2015, our target for the whole
GLF’s portfolio is to reach 3times
more than current 18million.

Regarding to the Finance Leaselicense, we are just waiting for thesignature of the governor.

Number of employee started from
6 people in the picture. Now they
have 40 employees and moved
their office.
We expected more than 200
employees in 2015.

In Myanmar, we already started tocontact multiple agents.

In Vietnam, we had visited thecompany to acquire in both Ho Chi
Minh and Hanoi.
We’ll go forward with aggressiveexpansion.

We’d received the award as one of
the excellent listed companies in2013 by SET.
We will not only keep thishonoring position, but also
improve more.