UPDATE ON REVISED NON-BINDING INDICATIVE OFFERS

Key points

• FleetPartners received three revised non-binding offers
• SG Fleet offers $4.55 per share
• ORIX offers $4.65 per share
• Sumitomo Consortium offers $4.65 per share
• Element Fleet Management Corp. decided not to submit a revised proposal

Full summary

FleetPartners Group Limited has received revised non-binding and conditional proposals from SG Fleet, ORIX, and the Sumitomo Consortium, following an initial due diligence process. The revised indicative offer prices are $4.55 per share from SG Fleet, $4.65 per share from ORIX, and $4.65 per share from the Sumitomo Consortium. Element Fleet Management Corp. has decided not to submit a revised proposal. The FleetPartners Board has decided to grant SG Fleet, ORIX, and the Sumitomo Consortium access to further due diligence.