Appointment and Resignation of Directors

June 29th, 2016

(‘iCar Asia’ or the ‘Company’), owner of ASEAN's number 1 network of automotive portals, today appointed Mr Khalil Syed Ibrahim as non-executive Director of the Company, while Mr Shaun Di Gregorio resigned as non-executive Director. Mr Di Gregorio was appointed to the Board of iCar Asia in July 2012 and has contributed to the Company through a significant period of growth.  iCar Asia Chairman, Mr Patrick Grove thanked Mr Di Gregorio for his invaluable contribution, sector insight and sound business judgement throughout the past four years. Mr Ibrahim joins the Board with extensive work experience in the automotive industry.  The addition of Mr Ibrahim will increase the independence and automotive industry knowledge of the Board. Mr Ibrahim is currently the Managing Director and controlling shareholder of SISMA Auto (a dealer group representing Jaguar Land Rover in Malaysia). He also is also a Director of Jaguar Land Rover (Malaysia), the sole importer and distributor for Jaguar Land Rover in Malaysia. Khalil’s prior experience includes working at the Boston Consulting Group in both their Sydney and New York offices. Mr Grove, commented “We are delighted to welcome Mr Ibrahim to the iCar Asia Board of Directors.  His industry experience and understanding of our product will provide great value to the Company going forward”

For more information please contact:
Hamish Stone
Chief Executive Officer iCar Asia Ltd
Mobile:  +60 17 473 3778
Email: hamish.stone@icarasia.com
Yee Chin Beng
Chief Financial Officer iCar Asia Ltd
Mobile: +60126558333
Email: chinbeng.yee@icarasia.com

About iCar Asia Limited (www.icarasia.com)

Listed on the Australia 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 11 million car buyers and sellers in the region.

iCar Asia Group Network of websites: