Statement by PROTON Managing Director

20/11/2007 -- PROTON respects the decision made by the Government with regards to the strategic alliance.

PROTON has been working on several initiatives even before negotiations began. These include new model development, quality improvements, dealer network consolidation and operational efficiency and export expansion.

We are now seeing some initial results of these initiatives, in particular the successful launch and reception of Persona, resulting in increased confidence amongst our customers and business associates as well as market share gains.

We will continue to work harder and introduce new models in the future while meeting customers' expectations in service and product quality. Efforts will also continue in enhancing operational efficiency as well as dealer and vendor consolidation.

On market expansion overseas, we have made significant inroads in Iran, China, Indonesia and soon, Thailand among the current 24 markets we are already in. This will complement the improvements in the domestic market.

This latest development, however, does not detract PROTON from continuing its efforts to seek opportunities to enhance our product portfolio, access to markets, technology and operational efficiencies. All these will add value and place PROTON in a better position for any potential future strategic partnership.

Source: PROTON

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