BOC AVIATION ANNOUNCES PRICING OF S$75 MILLION IN 2% SENIOR UNSECURED NOTES DUE 2015

BOC Aviation Pte. Ltd. (“BOC Aviation”) today announced that it has priced S$75 million in 2% Senior Unsecured Notes due 2015 (the “Notes”). The Notes will close on 26 March 2013, subject to satisfaction of customary closing conditions.

The transaction, arranged by United Overseas Bank (“UOB”), was issued off BOC Aviation’s US$2 billion Euro Medium Term Note Programme established in September 2012.

The Notes were denominated in Singapore Dollars, bearing a fixed interest coupon of 2% per annum, payable semi-annually. BOC Aviation will apply the net proceeds to fund its new capital expenditure, for general corporate purposes and refinancing existing borrowings.

The unsecured notes will be listed on SGX-ST and will be rated BBB- by Standard & Poor’s.

“We are very pleased to get such a good response,’’ Robert Martin, Managing Director and Chief Executive Officer of BOC Aviation, said. “This was our third note issue under our EMTN programme since it was established in 2012, indicating continued demand for BOC Aviation notes.”

BOC Aviation is the leading Asia-based aircraft leasing company with a portfolio of 213 owned and managed aircraft operated by airlines worldwide, with another 92 aircraft on firm order and 22 on committed purchase and leaseback. The Company has one of the youngest fleets in the industry; the aircraft we own are on average less than four years old.