Press Release

BOC Aviation Secures Two Airfinance Journal Awards for 2013 Performance

23 May 2014

On 22 May 2014, BOC Aviation received two awards from Airfinance Journal (AFJ) at a gala dinner in New York in recognition for its performance in capital markets issuance in 2013.

This was the second year in a row that BOC Aviation has won the “Asia Pacific Deal of the Year Award”, this time for its CNH1.5 billion unsecured bond issuance in November 2013, after its maiden award for the debut US$500 million five-year notes in 2012. The Company also won “Leasing Treasury Team of the Year Award” to recognize BOC Aviation’s innovation and success in diversifying its funding and investor base.

On hand in New York to receive the accolades were Robert Martin, Chief Executive Officer and Managing Director; Phang Thim Fatt, Chief Financial Officer and Deputy Managing Director; Peter Davis, Head of Treasury; and Elsie Ng, Vice-President for Treasury & Deputy Head of Treasury. BOC Aviation hosted key banks at the awards dinner in recognition of their support.

BOC Aviation was the first global aircraft operating lessor to tap the CNH bonds market in 2013, raising CNH1.5 billion and opening a new source of funding for the industry. The original issue and subsequent re-opening were jointly arranged by BOC International, HSBC and Standard Chartered Bank. The CNH market is developing rapidly, with Singapore winning a role as a clearing center outside of Greater China. This aligns with BOC Aviation’s strategy of tapping this source of funds, aided by the Company’s status as a Tier-1 subsidiary of BOC Group.

Mr. Martin said, “Broadening into a new capital market is consistent with our strategy of diversifying our financing sources. The Company’s focus and innovation on the liabilities side of the balance sheet shows we are nimble and able to seize opportunities in the financing market. The awards will only spur us further to excel.”

The award-winning Treasury team is led by Mr. Davis, with more than 20 years of experience in aircraft financing. Mr. Phang, with 35 years of experience in aircraft financing and leasing, is overall responsible for the Company’s Treasury function which includes global financing, hedging and cash management. Coupled with strong credit ratings, BOC Aviation enjoys one of the lowest financing costs in the industry, at less than 2 percent for the last four years.

Airfinance Journal, which featured the awards in its May issue, said, “It is BOC Aviation’s treasury team’s job to make sure the lessor is ready to pounce on investor demand as it arises, and maintain traditional credit lines should it flag. It is something the lessor has managed to achieve over the past 20 years of capital markets and aviation sector cycles, and that is no small feat.”

BOC Aviation is the leading Asia-based aircraft leasing company with a portfolio of 237 modern aircraft operated by 55 airlines worldwide. The Company has one of the youngest fleets in the industry with an average owned aircraft age of less than four years.

BOC Aviation is 100% owned by Bank of China.

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For more information, please contact:

Claire Leow

Tel: +65 6325 9638

[email protected]

www.bocaviation.com