ICQ Release: Confirmation of Release: Rev Asia Berhad no longer a seller of ICQ shares

April 29th, 2015

On 9 September 2014 iCar Asia Limited (the Company) announced that the holder of 52,500,000 shares in the Company, Rev Asia Berhad (RAB) was seeking a mandate from its shareholders to sell part or all of RAB’s shares in the Company.

RAB’s board has decided today that “the Board will not engage in any further discussions or negotiations with regards the sale of iCar Asia Shares whatsoever prior to the expiration of the shareholder mandate to explore any such disposal on 14 October 2015.”

The full text of RAB’s announcement is below:

Rev_1   Rev_2

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For more information please contact:
Hamish Stone
Chief Executive Officer
iCar Asia Ltd
Mobile: +6017 473 3778
Email: hamish.stone@icarasia.com
Yee Chin Beng
Chief Financial Officer
iCar Asia Ltd
Mobile: +6012 655 8333
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 capitalise on its market-leading positions, with its online properties currently reaching approximately 12million car buyers and sellers in the region every month.

iCar Asia Network of websites: