GB Auto E : Tasaheel Closes 2.7 billion Egyptian pounds Securitized Bond Issuance

Ghabbour Auto (AUTO.CA)

Tasaheel Closes 2.7 billion Egyptian pounds

Securitized Bond Issuance

─ Largest securitization in Egypt's microfinance sector is 2x oversubscribed ─

June 27, 2022

Tasaheel, Egypt's leading microfinance player, 57.26% owned by GB Auto, announced today that it has securitized 2.7 billion Egyptian pounds of its loan book with Commercial International Bank (CIB), Egypt's largest private sector bank. The proceeds will fuel the company's accelerated growth across multiple lending business lines and Tasaheel's expansion into new verticals.

Over-subscribed by 2X, the offering reflects the high quality, diversity, and granularity of the portfolio, consisting of 137,000 contracts and a robust cash pay-back ability. Participating regional and local financial institutions included Abu Dhabi Commercial Bank, Al Ahli Bank of Kuwait, Al Baraka Bank, Agricultural Bank of Egypt and the Housing and Development Bank.

The issuance, divided into four tranches, has been rated Prime 1 for the first three and A for the fourth by MERIS (Middle East Rating & Investor Service).

CIB served as financial advisor and general arranger of the transaction, with National Bank of

Egypt serving as co-financial advisor and underwriter. Arab Africa International Bank and NI

Capital served as underwriters. Maatouk, Bassiouny and Hennawy served as legal advisors.

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Ghabbour Auto (AUTO.CA)

About GB Auto S.A.E.

GB Auto S.A.E. (AUTO.CA on the Egyptian Exchange) is a leading automotive company in the Middle East and non-bank financial services provider in Egypt. Across six primary lines of business - Passenger Cars, Motorcycles & Three-Wheelers, Commercial Vehicles & Construction Equipment, Tires, After-Sales, and Iraqi operations - the company's main business activities include assembly, manufacturing, sales and distribution, financing and after-sales services.GB Auto's portfolio of brands includes Hyundai, Mazda, Chery, Changan, Haval, Karry, Bajaj, Marcopolo, Iveco, Volvo Truck and Volvo Bus, Volvo Construction Equipment, Mitsubishi Fuso, SDLG, Higer, shacman, Lassa, Yokohama, Westlake, Double Coin, Goodyear, Thunderer, Verde, Techking, Sun full, MG, and Gazpromneft. GB Auto has operations in Egypt and Iraq. The company's NBFS' segment branded GB Capital offers leasing, consumer finance, microfinance, Nano loans, SME lending, BNPL, collection, Peer-to-Peer transfers, Bill payments, fleet quasi-operational leasing, factoring, securitization, mortgage finance, and insurance under the following brands - GB Lease, Drive, MNT-Halan, Haram, Capital Securitization, Bedaya, and KAF. The company is headquartered in Giza, Greater Cairo Area, Egypt.

ir.ghabbourauto.com

Investor Relations Contact Information:

Mansour Kabbani

Board of Directors Member

Marina Kamal

Investor Relations Senior Manager

Sarah Maged

Investor Relations Communication Manager

Address: Cairo-Alexandria Desert Road, Km. 28, Industrial Zone, Abu Rawash

P.O. Box 120, Giza, Egypt

Forward-Looking Statements

This document may contain certain "forward-looking statements" relating to the Company's business. These may be identified in part through the use of forward-looking terminology such as "will," "planned," "expectations" and "forecast" as well as similar explanations or qualifiers and by discussions of strategy, plans or intentions. These statements may include descriptions of investments planned or currently under consideration or development by the Company and the anticipated impact of these investments. Any such statements reflect the current views of the Company with respect to future events and are subject to certain risks, uncertainties and assumptions. Many factors could cause the actual results, performance, decisions or achievements of the Company to be materially different from any future results that may be expressed or implied by such forward-looking statements.