Home Credit Philippines eyes further growth with its acquisition by Thailand’s Krungsri, Japan’s MUFG

Manila, Philippines | June

02, 2023 – Leading consumer finance company

Home Credit Philippines (“HC Consumer Finance Philippines, Inc.”) today announced its new shareholders following the completion of its acquisition by Krungsri (“Bank of Ayudhya PCL”), the fifth largest financial group in Thailand and Mitsubishi UFJ Financial Group (“MUFG”), a global financial leader from Japan.

The deal was completed with a base value of EUR 406 million (PHP 24.4 billion).

The final consideration is subject to one-to-one adjustment based on the equity book value at closing of the transaction.

PPF Group the parent company of Home Credit Philippines based in Czech Republic sealed an agreement with MUFG and Krungsri to acquire Home Credit Philippines. Krungsri holds the majority stake of 75% and MUFG the remaining 25%.

“We are pleased to an - nounce the handover of Home Credit Philippines to our new shareholders Krungsri and MUFG, both market leaders in the financial industry. Together with our new shareholders, we are opening the next chapter for Home Credit Philippines, building on the high performance that we have set over the past nine years. We are optimistic of our future together,” shared David Minol, Home Credit Philippines’ CEO.

“The acquisition of Home Credit Philippines is a testament to the strong business it has established in the country and the growth opportunity that Krungsri and MUFG have seen for the company to further expand and maintain its dominance

RE: JOINT PETITION TO APPROVE CIVIL CASE N0. 2023-070 AND REGISTER THE DIVORCE BETWEEN ARMRACH C. RACHO AND ELLAGIN C. FAMA-RACHO, ARMRACH C. RACHO AND ELLAGIN C. FAMA-RACHO, Petitioners.

Before this Court verified joint petition for the approval and registration of the Divorce filed by petitioners and alledging among others. That petitioners are husband and wife respectively in a marriage performed under Civil rite on May 26, 2019 at Surigao City, both petitioners had been converted to Muslim and thereby embraced Islam Religion as their new found faith, by virtue of their respective intellectual choices which were duly registered with this Court, both of them can be served summons and other legal processes relative to this case at their resident at Tubod, Manuang, Iligan City and Tambo, Hinaplanon, Iligan City, respectively;

That said marriage did not last long due to lack of love and affection until the relationship manifested incompatibility and sustained misunderstanding between petitioners and reached the point of irreconcilability and they separated for each other for some reason of which both petitioner finally decided to legally break or severe their marriage bond for more than three (3) years, they decided to separate live physically in bed and board, thereby, executed Memorandum of Agreement in order to formalize their separation. Since their separation, they had never been communicating or supporting either financially or emotionally to each other, neither minding each other affair’s; petitioner seek judicial decree of divorce, thereby, severing their marriage bond on May 26, 2019 so that they will have free hand to do what a single man or woman could do without marital burdens. Reconciliation between them had already been diligently employed but all proved futile.

WHEREFORE, finding this petition to be sufficient in form and substance, set the initial hearing of this case on June 12, 2023 at 9:00 a.m. at which time, date and place. Any interested party may appear and show why the petition should not be granted. Let copy of this Order be published in newspaper of General Circulation in the City of Iligan once a week for three (3) consecutive weeks at the expense of the petitioners.

SO ORDERED. Iligan City, Philippines, this 17th of May, 2023.

MDN: May 20, 27 & Jun 3, 2023 in the local consumer finance market,” Minol added.

“I want to put on record, our congratulations to our colleagues at Home Credit Philippines for an incredible job well done,” said Home Credit Group CEO, Radek Pluhar. “Together, we have empowered nearly 10 million Filipinos to access the formal economy, via our innovative products and services. We are proud of these achievements and will be watching the company’s future growth with interest.”

The company has grown to become a market leader having the widest distribution network of more than 15,000 stores nationwide.

This allowed Home Credit Philippines to acquire a growing customer base of almost 10 million as of date in its nearly 10 years of operations in the country.

Krungsri President and Chief Executive Officer Kenichi Yamato said, “With the acquisition of Home Credit in the Philippines, we have achieved another significant milestone in our ASEAN expansion strategy through the successful execution of our medium-term business plan. By incorporating Home Credit in the Philippines into its portfolio, the Bank aims to cater to the evolving financial needs of consumers with a full range of innovative consumer finance products and services. Building upon its strong presence in the high potential country, this acquisition further solidifies Krungsri’s position as a leading financial institution

Republic of the Philippines SUPREME COURT

4th Shari’a Circuit Court

4th Shari’a Judicial District Iligan City

IN RE: JOINT PETITION TO APPROVE CIVIL CASE N0. 2023-077 AND REGISTER THE DIVORCE OF SPOUSES LAURENCE ANGELO O. GUILLANO AND MICHELLE M. CABIGON-GUILLANO, LAURENCE ANGELO O. GUILLANO AND MICHELLE M. CABIGON-GUILLANO, Petitioners. x

ORDER in ASEAN.”

Before this Court verified joint petition for the approval and registration of the Divorce filed by petitioners and alledging among others. That petitioners are husband and wife respectively in a marriage performed under Civil rite on September 12, 2008 at Quezon City, both petitioners had been converted to Muslim and thereby embraced Islam Religion as their new found faith, by virtue of their respective intellectual choices which were duly registered with this Court, both of them can be served summons and other legal processes relative to this case at their resident at Bldg., 7-307 La Mesa St., Valenzuela City and NPC Compound, Purok Sampaguita Ditucalan, Iligan City, respectively; That said marriage did not last long due to lack of love and affection until the relationship manifested incompatibility and sustained misunderstanding between petitioners and reached the point of irreconcilability and they separated for each other for some reason of which both petitioner finally decided to legally break or severe their marriage bond for seven (7) years, they decided to separate live physically in bed and board, thereby, executed Memorandum of Agreement in order to formalize their separation. Since their separation, they had never been communicating or supporting either financially or emotionally to each other, neither minding each other affair’s; petitioner seek judicial decree of divorce, thereby, severing their marriage bond on September 12, 2008 so that they will have free hand to do what a single man or woman could do without marital burdens. Reconciliation between them had already been diligently employed but all proved futile.

WHEREFORE, finding this petition to be sufficient in form and substance, set the initial hearing of this case on June 23, 2023 at 9:00 a.m. at which time, date and place. Any interested party may appear and show why the petition should not be granted. Let copy of this Order be published in newspaper of General Circulation in the City of Iligan once a week for three (3) consecutive weeks at the expense of the petitioners.

SO ORDERED. Iligan City, Philippines, this 25th of May, 2023.

“With the expertise and extensive experience, Krungsri, together with Home Credit, is well-positioned to capitalize on the growing demand for consumer finance solutions and reaffirms its commitment to providing suitable products and services that empower individuals and drive sustainable growth in the market.”

This transaction is set to bolster the business operations of Home Credit Philippines as it continues to provide more Filipinos access to credit while building on Krungsri’s expertise as one of Thailand’s finance leaders.

Home Credit Philippines is expected to retain its brand and continue its usual operations under the same local leadership team, with guidance from Krungsri. The company aims to further grow its consumer finance portfolio as it synergizes with both banks. Learn more about the latest updates of Home Credit by visiting its official website www.homecredit.ph.

Home Credit Philippines is a financing company duly licensed and supervised by the Securities and Exchange Commission (SEC) and by the Bangko Sentral ng Pilipinas (BSP).

Republic of the Philippines SUPREME COURT 4th Shari’a Circuit Court 4th Shari’a Judicial District Iligan City

IN THE MATTER OF THE PETITION FOR JDICIAL CONFIRMATION OF DIVORCE (TALAQ) CYRUS S. VERZANO AND MARIEBETH T. VERZANO Petitioners. -VERSUSOFFICE OF THE LOCAL CIVIL REGISTRAR OF DAUIN, NEGROS ORIENTAL, Public Respondent.

/ ORDER

Before this Court verified joint petition for the approval and registration of the Divorce filed by petitioners and alledging among others. That petitioners are husband and wife respectively in a marriage performed under Civil rite on April 10, 2010 at Dauin, Negros Oriental, both petitioners had been converted to Muslim and thereby embraced Islam Religion as their new found faith, by virtue of their respective intellectual choices which were duly registered with this Court, both of them can be served summons and other legal processes relative to this case at their resident at Tubod, Bacong Negros Oriental and Tambo, Iligan City, respectively; That said marriage did not last long due to lack of love and affection until the relationship manifested incompatibility and sustained misunderstanding between petitioners and reached the point of irreconcilability and they separated for each other for some reason of which both petitioner finally decided to legally break or severe their marriage bond for eight (8) years, they decided to separate live physically in bed and board, thereby, executed Memorandum of Agreement in order to formalize their separation. Since their separation, they had never been communicating or supporting either financially or emotionally to each other, neither minding each other affair’s; petitioner seek judicial decree of divorce, thereby, severing their marriage bond on April 10, 2010 so that they will have free hand to do what a single man or woman could do without marital burdens. Reconciliation between them had already been diligently employed but all proved futile.

WHEREFORE, finding this petition to be sufficient in form and substance, set the initial hearing of this case on June 23, 2023 at 9:00 a.m. at which time, date and place. Any interested party may appear and show why the petition should not be granted. Let copy of this Order be published in newspaper of General Circulation in the City of Iligan once a week for three (3) consecutive weeks at the expense of the petitioners. SO ORDERED. Iligan City, Philippines, this 25th of May, 2023.

(SGD)

(SGD) HON. OSOP M. ALI Presiding Judge

(SGD) HON. OSOP M. ALI Presiding Judge MDN: May 27, Jun 3 & 10, 2023