DRB-HICOM and General Motors Asia Pacific Holdings LLC Form Sales & Distribution Joint Venture Partnership kicks off with launch of new Chevrolet

Kuala Lumpur, August 28, 2007 ? DRB-HICOM Berhad (DRB-HICOM) and General Motors Asia Pacific Holdings LLC (GMAPH) signed an agreement today for the establishment of HICOM-Chevrolet Sdn Bhd in a move to strengthen the Chevrolet brand in the country. At the signing ceremony the partners also unveiled their first product, the new Chevrolet Aveo Notchback, which is aimed at capturing the young and upcoming executive market.

The joint venture will initially oversee the sales and distribution of Chevrolet vehicles in Malaysia. Signing the agreement on behalf of DRB-HICOM was YBhg Datuk Haji Mohd Khamil Jamil, Group Managing Director, and Tuan Haji Mohd Redza Shah Abdul Wahid, Executive Director / Group Chief Operating Officer, while GMAPH was represented by Mr Stephen Carlisle, President of GM Southeast Asia Operations, GM Thailand and Chevrolet Sales Thailand, and Mr Stephen Small, General Motors Vice President, Finance, ASEAN Region. The signing of the agreement was witnessed by YAM Tan Sri Dato? Seri Syed Anwar Jamalullail, Chairman of DRB-HICOM.

Speaking at the event, YBhg Datuk Haji Mohd Khamil Jamil said that the partnership represents a significant step forward for DRB-HICOM and Chevrolet in Malaysia. He said, ?Having the world?s leading automotive company as our partner, DRB-HICOM stands to gain from the wealth of expertise and experience that GM brings to the table. And together with DRB-HICOM?s keen knowledge of the local market we are confident of turning Chevrolet into a serious player in the passenger car segment in Malaysia.?

Said Stephen Carlisle, President of GM Southeast Asia Operations, GM Thailand and Chevrolet Sales Thailand, ?As the largest market for passenger cars in Southeast Asia and a key member of the ASEAN community, Malaysia is a country in which GM believes we must have a major presence.

?By joining one of Malaysia?s most distinguished companies in our unique partnership, GM looks forward to rolling out a series of new products that meet the needs of local car buyers. Our goal is to make Chevrolet a leading brand in Malaysia just as it is in many of the 130 other markets in which it is sold,? continued Mr. Carlisle.

GMAPH holds a 51-percent stake in the joint venture, with DRB-HICOM holding the remaining 49 percent. The joint venture is scheduled to officially begin operation in October 2007. According to the agreement, the partners will explore the establishment of a local vehicle assembly program as well as a manufacturing hub for the production of Chevrolet vehicles, parts and accessories for the ASEAN market.

Launch of the new Chevrolet Aveo Notchback

Form meets function in this latest Aveo sedan - a sub-compact passenger car with a unique design. Spirited, confident and bold, and packaged with a spacious interior that comfortably accommodates five adults, the Notchback is the ideal ?ride? for the young urban executive.

Based on a model from GM Daewoo Auto & Technology, it has a long list of features for a small sedan. Powered with the new VGIS (Variable Geometry Intake System) engine, it enables the car to be highly fuel-efficient. Its high-performance Euroride Suspension, on par with European sedans, has been tailored for local road conditions to deliver a smoother driving experience.

?Priced more competitively than other models in its category, the Aveo Notchback is the right choice for those looking for an affordable ride while maintaining a modern design, impressive styling, generous space and features,? said Datuk Haji Mohd Khamil Jamil.

The Aveo Notchback is trendy and stylish, while maintaining the aspiration and practicality that the Chevrolet brand is famous for. This sedan?s chunky chromed grill, outstanding tail lights and its aerodynamic and enhanced features exude a degree of individuality, standing out in a crowd monotonous with other conventionally designed cars in its class. The exterior is also ?dressed? up with a back spoiler to add to the allure and the modern-feel of the car. Following through with its urban appeal, the Aveo Notchback comes in five stylish colours ? Black Sapphire, Alpine White, Sterling Silver, Sparking Tan and Citrus Green.

The Aveo Notchback offers an attractive after-sales plan including a 3-year warranty on serviceable parts guaranteed upon purchase. The model is in the 1.4 cc category and is priced at RM69,888 for the basic model.

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About DRB-HICOM
DRB-HICOM is one of Malaysia's leading conglomerates. It is playing an integral role in the nation's road to industrialization. DRB-HICOM maintains a strong position in the automotive, manufacturing and distribution industries through its involvement in passenger cars, Malaysia?s national truck and national motorcycle projects, as well as assembly and distribution of four-wheel-drive vehicles. Besides the automotive sector, the group is also involved in the property and infrastructure, constructions and services and defence sectors. More information on DRB-Hicom can be found at www.drb-hicom.com