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iCar Asia Ltd Appoints Country Manager in Malaysia

Monday October 8th 2012 – iCar Asia Limited (ASX:ICQ), owner of ASEAN’s number 1 network of automotive portals today announced the appointment of Mr John Paul Sta Maria as Country Manager, Malaysia.

Mr Sta Maria has an outstanding record of achievement in online media and classifieds, specifically in Malaysia, where he was most recently Country Manager, for Property Guru. Previously, he was the Malaysian Country Sales Manager for jobs portal, Monster.com.

“We are very excited that Mr Sta Maria has agreed to join us,” said Damon Rielly, CEO of iCar Asia. “He is widely recognized as an exceptional talent and leader, his expertise and experience are an enormous gain for our business in Malaysia.”

He continued, “Mr Sta Maria brings very strong commercial knowledge of online classifieds and intimate knowledge of the best way to create business success in Malaysia. We look forward to having him drive our leading online car classifieds business, Carlist.my to even greater heights.”

For more information please contact:

Hamish Stone
Chief Executive Officer
iCar Asia Ltd
Mobile:
Email: hamish.stone@icarasia.com
Mark Licciardo
Company Secretary
iCar Asia Ltd
Tel: +613 8689 9997
Email: markl@mertons.com.au

About iCar Asia Limited (www.icarasia.com)

Listed on the Australian Securities Exchange, iCar Asia (ASX:ICQ) owns and operates ASEAN’s No. 1 network of automotive portals. Headquartered in Kuala Lumpur, Malaysia, the company is focused on developing and operating leading automotive portals in Malaysia, Indonesia and Thailand. iCar Asia is continuously working to capitalize on its market-leading positions, with its online properties currently reaching over 4.8 million car buyers and sellers in the region every month.

iCar Asia Group Network of websites:

o Malaysia: Carlist.my
o Malaysia: LiveLifeDrive.com
o Indonesia: Mobil123.com
o Thailand: One2Car.com
o Thailand: Thaicar.com
o Thailand: Autospinn.com

Malaysia
Indonesia
Thailand