- 0 -

LH Financial Group PCL

Investor Presentation

May 31, 2011

- 1 -

LH Financial Group PCL

Investor Presentation

May 31, 2011

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SECTION 1

LHFG Profile and Business Overview

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Company Profile

( )

- 4 -

Key Milestones

- 5 -

Strong Capital Position

- 6 -

LHFG Shareholding Structure & Group Structure

- 7 -

Board of Directors & Management Team

Ms.Sasitorn Phongsathorn Mr.Pairoj Paisonsrisomsuk Mr.Naporn Sunthornchitcharoen Ms.Suwanna BuddhaprasartMember of the Board Member of the Board Member of the Board Member of the Board

Member of the Executive Committee Member of the Executive Committee Member of the Executive Committee

Managing Director Senior Executive Vice President

Mr.Anant Asavabhokhin Mr.Rutt Phanijphand Mr.Phairoj Hengsakul Mr.Adul Vinaiphat Mr.Suwit Udomsab

Chairman of the Board Member of the Board Chairman of the Audit Committee Member of the Audit Committee Member of the Audit Committee

Chairman of the Executive Committee Independent Director Independent Director Independent Director

The two committees will be nominated for the BoD appointment at

the Annual Shareholder General Meeting on April 18, 2011

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Limitations of Retail Bank Hindrance

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SECTION 2

Financial Performance

- 10 -

Organic Asset Growth

- 11 -

Superior Asset Quality

- 12 -

Strong Liquidity

- 13 -

Branch Networks

- 14 -

Productivity per branch above Peers

- 15 -

Productivity per head above Peers

- 16 -

Strengthening Capital Position

.

.

- 17 -

Improving Earnings Capability

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SECTION 3

Investment Highlights

- 19 -

Key Investment Highlights

Poised to be one of

the leading players in

the mortgage

financing in Thailand

Continuing business

expansion under the

existing retail

banking model with

synergy initiation

Potential growth arising

from universal banking

platform

Proven Track Record & Financial Achievements

Competent management

team and sponsoring

shareholders

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687 771 867 9571,087

13.7

10.3

12.512.3

0

300

600

900

1,200

1,500

2006 2007 2008 2009 2010

0.0

4.0

8.0

12.0

16.0

20.0

Retail Mortgage Loans Growth Rate

Baht billion YoY Growth (%)

Leading Mortgage Financing Player

Industry-wide Retail Mortgage Loans (Post-financing)

LH Bank has the vision to be one of the leading players in the mortgage financing with the proven track record in the past.

Standing at the

Forefront of

Mortgage Financing

Continuing

Expansions under Retail Banking

Universal Banking-

Driven Potential Growth

StrongShareholders

Proven

Trace Record & Milestones

25.2

26.4

28.7

2008 2009 2010

Baht billion

Favorable uptrend in the property market condition could be the positive

factor for LH Bank mortgage loan expansion.

LH Bank Mortgage Loan Portfolio

2010 LH Bank’s Loan Breakdown

Mortgage67.5%

Non-Mortgage32.5%

LH Bank mortgage loan portfolio has continuously grown in the past with

relatively high growth rate.

Source: Bank of Thailand

Source: LH Bank Financial Statement

Baht 42.5 Billion

* LH Bank mortgage loans were inclusive of accrued interest

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Cross-Selling Products to Premium Customers

The premium housing loan customer base

and growing number of branches serve as

the good infrastructure to secure additional

deposit .

Procurement of CompetitiveSource of Funds

Expand Lending to SMEs BusinessCross-selling Financial

Products & Services

Penetrate into existing customer bases to

provide them with the lending for their

business.

The historical payment track record of

customers could be utilized to manage

credit and business risk.

Capitalize the supply chain financing for

those who have business relationships

with the sponsoring shareholders, implying

lower credit risk

511

15 1724

2

4

66

7

2006 2007 2008 2009 2010

Number of Branches

Bangkok & Surrounding Areas Provincial

Offer all-in wealth management services to

clients to generate fee base income.

Standing at the

Forefront of Mortgage

Financing

Continuing

Expansions under Retail Banking

Universal Banking-

Driven Potential Growth

StrongShareholders

Proven

Trace Record & Milestones

Quality Housing Loan Customers

Wealth Management Services

Bancassurance

Mutual FundProducts Fixed Income

LH Bank could leverage its premium homebuyers as quality customer bases to build up related businesses

Source: Company

7

15

2123

31

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Deposits / Payment / Transfer

Loan / Loan Syndication /

Loan Related• < THB 200 mm

(assets, excluding land cost)

• < 200 employees

Banc Assurance

• life / non-life insurance

E-Banking

Selling Agent Insurance

Government bond

Strong liquidity and lending capability on the back of enormous capital increase, coupled with potential to raise fee-based income

Strike a balance of loan portfolio (Mortgage loans VS other specialized loans i.e. Hire-purchase, SME, and Corporate loans) Diversified loan portfolio tends to reduce concentration risk, which in turn will stabilize the spread earned and tone down NPL issues

Full-fledged financial license will bring LHB about a particular economic context, where growth opportunity & competency met

Retail Banking Full Universal Banking

Lending to large corporate> THB 200 mm (assets, exc. land cost)

> 200 employee

Trading securitiesBond

Trading portfolio

FOREX and derivatives

UnderwritingInvestment unit

Bond

Investment unit: Best effort Bond: SME

Single lending limitCorporate loan / account

Retail loan / account

<= 25% of equity• Corporate <= 10% of equity• Retail <= 1% of equity

Potential GrowthExisting Scope of Services

SBL & Short Sales

Standing at the

Forefront of Mortgage

Financing

Continuing

Expansions under Retail Banking

Universal Banking-

Driven Potential Growth

StrongShareholders

Proven

Trace Record & Milestones

Investment unit: Firm commitment Bond: unlimited

Hire purchase & Leasing

Selling Agent (Corporate Bond)

• Limited (Retail & SMEs)

• Limited (Retail & SMEs)

Potential from Universal Banking Platform

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Standing at the

Forefront of Mortgage

Financing

Continuing

Expansions under Retail Banking

Universal Banking-

Driven Potential Growth

StrongShareholders

Proven

Trace Record & Milestones

LH Fund

Mutual fund management

Private fund management

Investment unit selling agent

Investment unit trading

Investment underwriting

Investment advisory

Investment management

LH Fund is currently in the process of consideration the Securities Business Application Type Kor

by SEC, which will allow the company to operate the business as follows;

Potential Growth from LH Fund

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• Business combination

gave rise to a new retail banking platform.

• Operations commenced

in late 2005 with initial

paid-up capital of Bt 1.1 billion

2004-2005

• Business combination

gave rise to a new retail banking platform.

• Operations commenced

in late 2005 with initial

paid-up capital of Bt 1.1 billion

2004-2005 • A series of equity fund

raising to catch up the

pace of tremendous

growth in lending volume

– 30% CAGR loan growth during 2006-2010

2006-2010

• A series of equity fund

raising to catch up the

pace of tremendous

growth in lending volume

– 30% CAGR loan growth during 2006-2010

2006-2010• Set up and AMC and

reorganize under the

regulatory Solo Consolidation framework

• Equity reached the Bt 10,000 milestone

2011 & Beyond

Well Supported Shareholders

The One-presence LHFG Corporate Umbrella

Strong shareholders play the crucial part in growing LH Bank business

Post - IPO Shareholding Structure

35.8% LHFG 1/

Non-operating Holding Company

LH Fund

Asset Management Co

LH Bank 1/ 2/

Retail Banking –As is

Universal Banking –As planned

The Asavabhokhin

Group

Khun Piangjai

HarnpanijIPO Investors

• Institution

• Retail

Top-tier Developer HNW SponsorPublic Interest

22.5%

12.7%

17.3%1.5%

1/ LHFG and LH Bank are altogether viewed under one solo consolidation2/ LH Bank will submit the official application to BoT within Mar 2011, seeking permission to upgrade status from retail to universal bank

Fund Raising above Bt 10,000 million -the most important

milestone

Application to the BOT within Mar 2011 re: Upgrade to

full-fledged commercial bank under the FSMP II

Standing at the

Forefront of Mortgage

Financing

Continuing

Expansions under Retail Banking

Universal Banking-

Driven Potential Growth

StrongShareholders

Proven

Trace Record & Milestones

2011 & Beyond

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Heading in the Right Direction

Standing at the

Forefront of Mortgage

Financing

Continuing

Expansions under Retail Banking

Universal Banking-

Driven Potential Growth

StrongShareholders

Proven

Trace Record & Milestones

* Adjusted ROE (w/o Right Offering)

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SECTION 4

LHFG Business Strategies and Targets

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Vision & Mission

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Strategic Roadmap

1. Loan Growth42,513

MB

+19%

+20

%

+20

%

+20

%

35,604

MB

+11%

32,014 MB

+25%> 73,000 MB

2. Deposit &

Borrowing

Growth

45,476

MB

+8%

+20

%

+20

%

+20

%

41,938

MB

+18%

35,673 MB

+61%> 77,500 MB

3. Market share -

funding0.57

%

0.84

%

4. Net Profit

Growth408 MB

+50%

+15

%

+15

%

+15

%273 MB

+14%

240 MB

+138%> 620 MB

5. Asset Growth62,311

MB

+25%

+20

%

+20

%

+20

%

49,707

MB

+12%

44,216 MB

+35%> 107,000 MB

2008 2009 2010 2011 2012 2013

Target

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Target

Strategic Roadmap (Cont’d)

6. High Technology

Channel

Expansion

ATM Pool/

Internet

Banking

7. Human Resource

Development

Professional

knowledge supported

by LH Group

8. Universal Bank in

Domestic

Full

Banki

ng

Servi

ce

10. Listing on SET

(IPO)

Listed

Co.

(LHBA

NK)

9. Distribution

Network (incl.

Head Office)

31

branch

es

+20

branc

hes

+10

branc

hes

+14

branc

hes

23

branch

es

21

branches

75

branches

2008 2009 2010 2011 2012 2013

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Strategic Roadmap (Cont’d)

Full Banking Service

Source of Fund Growth

+ 20% CAGR

(2011 – 2013)

Loan Growth

+ 20% CAGR

(2011 – 2013)

Diversified Loan Portfolio

Improve Retail Channels

HR Development

Target Strategy

Total Assets Growth

> 20% CAGR

(2011 – 2013)

Net Profit Growth

> 15% CAGR

(2011 -2013)

0.84% Market Shares – Funding

in 2013

Prudent Risk Discipline &

Portfolio Management

• Capital increase to 10,000 MB tier-1 capital

• Expand wider & more competitive business scope

• Expand banking networks

• New initiative product offerings

• Strong capital

• Expand from SME to Corporate loan

• Diversified loan to lower risk & fulfill new opportunities

• Expand banking networks

• ATM Pool & Internet Banking

• Professional knowledge support

Result

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Q&A