19 February 2018
To whom it may concern
Wedge Holdings Co., Ltd.
Tatsuya Konoshita,
Representative Managing Director& CEO(Code 2388 TSE JASDAQ Market)
Contact: Yasuhiro Kotake
IR Representative(Tel: 03-6225-2207)

Progress Report: Acceptance by the Court for Entering into Transaction forGroup Lease Public Company Limited
We would like to announce that Group Lease PCL. who is our subsidiary financecompany listed in The Stock Exchange of Thailand (SET) announced press
release regarding acceptance by the Court for Entering into Transaction forGroup Lease Public Company Limited (*1).
GL Announcement on 19 February 2018
Acceptance by the Court for Entering into Transaction for Group Lease PublicCompany Limited
On 11 January 2018, the Central Bankruptcy Court (the “Court”)accepted thepetition requesting for business rehabilitation of Group Lease Public Company
Limited (the “Company”) as submitted by J Trust Asia Pte.Ltd.(“J Trust”) and theCompany has received the petition on 19 January, 2018 and the Courtscheduled the examination of such petition for 19 March 2018.The Company isunable to perform obligation to its creditors, unless it is considered tradecreditors or operation of its ordinary course of business, after the Court has
accepted J Trust’s petition.

However, the Company is not insolvent, and operations could continue asnormal. Therefore, the Company submitted a petition requesting for entering
into transaction to the Court for protection of the interests of the investors andshareholders, where the impacts thereof have been considered, on 16
February 2018. On the same day, the Court granted the Company permission
to repay interest under debentures issued by the Company pursuant to theexisting terms and conditions, including execution of relevant documents inrelation to such matters whereby those actions are deemed necessary for
management of the Company’s funds for the continuation of the Company’sbusiness operation without
Court’s approval.
In this respect, the Company would like to inform that the Company is not
insolvent. Currently, the Company has assets in the amount of Baht
13,773,082,000 and liabilities in the amount of Baht 8,552,455,000. As such, assets
are more than liabilities in the amount of more than Baht 5,000 million as
referenced in the quarterly separated financial statements of 3/2017 as at 30
September 2017. In addition, the Company can operate its business as usual inaccordance with the laws, rules and regulations, including good corporate
governance guidelines. In this respect, if there is any further progress on theobjection of petition of business rehabilitation of the Company, the Company
will publish such information through the Stock Exchange of Thailand
immediately.
*1. Under the Thai law, The Company strongly forbidden to do financialtransaction like to pay Interest, Principal Payment, and new debt to and fromwhile the examination of petition for rehabilitation by the court. But GL had
asked to make interest payment exceptionally, and the court grated in favorof the company.
*2. In the Thai Law to enter into rehabilitation, one of the most importantcondition is company is insolvent with excessive indebtedness.
End