iCar Asia Ltd Appoints Chief Financial Officer

October 8th, 2012

iCar Asia Limited (ASX:ICQ), owner of ASEAN's number one network of automotive portals, today announced the appointment of Mr Rod Brandenburg as Chief Financial Officer. Mr Brandenburg will be based at the Group's headquarters in Kuala Lumpur, Malaysia.

Mr Brandenburg is an experienced CFO with strong online commerce and classifieds knowledge and experience in both Australia and South East Asia. Mr Brandenburg was most recently the Group CFO of iProperty Group Ltd (ASX:IPP), a position he held for two and a half years. Previously, Mr Brandenburg spent three years as the CFO of Australian online travel site, webjet.com.au (ASX:WEB).

Mr Damon Rielly, CEO of iCar Asia Ltd, said, “Mr Brandenburg's background wih successful online businesses coupled with experience working in online classifieds in South East Asia will be a tremendous asset to iCar. I very much look forward to working with him to drive the business forward.”

For more information please contact:
Hamish Stone Chief Executive Officer iCar Asia Ltd Mobile:  +60 17 473 3778 Email: hamish.stone@icarasia.com Joe Dische Chief Financial officer iCar Asia Ltd Tel: +60 17 854 5218 Email: joe.dische@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: