SINGAPORE -�Media OutReach�-�14
November 2019 - CIMB Bank Berhad,
Singapore branch ("CIMB") today announced its collaboration with SESAMi Holding
and Capital Match, to finance the SESAMi trading community's invoices digitally
under an automated workflow. �

Photo: From left to right - Mr
Sharath Singh, Commercial Director of Capital Match; Mr Ong Teck Soon, Chairman
and Group CEO of SESAMi Holding; Mr Victor Lee, Deputy CEO of CIMB Singapore
and CEO of CIMB Group Commercial Banking; Ms Lai Ven Li, Head of Corporate
Banking of CIMB Singapore; Mr Desmond Loh, Co-Head of Transaction Banking of
CIMB Singapore

SESAMi Holding, an e-procurement platform in
Singapore serving the supply chain needs for customers like Singtel, SATS, SIA,
SRC and more, acquired Capital Match, an invoice financing marketplace with
operations in Singapore and Hong Kong.� Mr Ong Teck Soon, Chairman and Group CEO of SESAMi Holding said,
"SESAMi's integrated procure-to-pay and supply chain financing allows the
suppliers to access lower cost of funds by leveraging on large corporate
buyers' good credit rating."�Suppliers on SESAMi will be paid
immediately on their outstanding invoices on the platform within two business
days as soon as they are on-boarded�on to�the supply-chain financing
program.

Said Mr Victor Lee, Deputy CEO of CIMB Singapore
and CEO of CIMB Group Commercial Banking, "Customer experience is one of our primary focus and
the collaboration with SESAMi-Capital Match presents another scalable avenue
for us as we are constantly striving to digitize our services and offerings to
better service our banking clients. This is aligned with the government's
framework for e-invoices and call for companies to keep up with innovation.
CIMB is very proud to be part of this."

Capital Match, the e-financing arm leading this
initiative will be reaching out to the supplier community to initiate this
program.�"The funding process�will be extremely sped up through
leveraging on our Early Payment System (EPS) which was launched earlier this
year for the SESAMi supplier community. With the supply-chain financing,
suppliers only need to submit minimal documents to be on-boarded under the
program and this will facilitate a smooth and simple process for the suppliers,"
added Mr Sharath Singh, Commercial
Director of Capital Match.

The process of onboarding onto this supply chain
financing program is simplified, with no need to submit invoices as the
e-invoices can be selected for financing via the SESAMi platform.

Added Ms Lai Ven Li, Head of
Corporate Banking of CIMB Singapore, "Once the account is set up under the e-supply
chain financing program, technology enables working capital funding to be promptly
transferred to our customers. We want our financing package to be attractive to
provide our customers a positive experience and access to new financing
options. Our objective is to ensure a cost-efficient solution and non-recourse working
capital funding option that supports our customers' growth."

About CIMB Group

CIMB
Group is one of ASEAN's leading universal banking groups and is Malaysia's
second largest financial services provider, by assets. It offers consumer
banking, commercial banking, investment banking, Islamic banking and asset
management products and services. Headquartered in Kuala Lumpur, the Group is
present in all 10 ASEAN nations (Malaysia, Indonesia, Singapore, Thailand,
Cambodia, Brunei, Vietnam, Myanmar, Laos and Philippines). Beyond ASEAN, the
Group has market presence in China, Hong Kong, India, Sri Lanka, Korea, the US
and UK.

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CIMB
Group has the most extensive retail branch network in ASEAN approximately of
740 branches as at 30 June 2019. CIMB Group's investment banking arm is also
one of the largest Asia Pacific-based investment banks, offering amongst the
most comprehensive research coverage around of 600 stocks in the region.

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CIMB
Group operates its business through three main brand entities, CIMB Bank, CIMB
Investment Bank and CIMB Islamic. CIMB Group is also the 92.5% shareholder of
Bank CIMB Niaga in Indonesia, and 94.8% shareholder of CIMB Thai in Thailand.

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CIMB
Group is listed on Bursa Malaysia via CIMB Group Holdings Berhad. It had a
market capitalisation of approximately RM52.3 billion as at 30 June 2019. The
Group has around 36,000 employees located in 16 countries.

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About
SESAMi

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SESAMi
(Holding) ("SESAMi") is Asia's leading E-Procurement &
E-Marketplace service provider. Its integrated suite of cloud-based procurement
technology, domain knowledge and industry best practices adoption help creates
competitive advantage for our esteemed clients on their Strategic Sourcing and
Procure-to-Pay business processes. Since its inception in 1999, SESAMi has
built a wide range of customer portfolio and enables more than 5,000 buyer
users to process over 60,000 of E-Tenders/E-RFQs quotes and $6 billion worth of
e-POs value annually to over 20,000 local and overseas supplier base.���

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SESAMi's
acquisition of Singapore's leading financing platform (Capital Match) in
November 2018 allows the company to extend a fully integrated supply chain
financing solution to corporates and their suppliers in a more timely,
automated and cost-efficient manner.