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Press Release

November 30, 2010

SM Nasarudin awarded Automotive Man of the Year at NST/Maybank Car of the Year 2010

The Naza Group's joint group executive chairman and Nasim Sdn Bhd's CEO, En SM Nasarudin SM Nasimuddin, was awarded the highly acclaimed "Automotive Man of the Year" award at the recent New Straits Times (NST)/Maybank Car of the Year (COTY) 2010.

The panel of judges at the NST/Maybank COTY 2010 named SM Nasarudin as the Automotive Man of the Year for his efforts in growing the Naza Group's automotive ventures in the domestic and export markets.

SM Nasarudin's late father, Tan Sri SM Nasimuddin SM Amin, founder of the Naza Group, had previously won the award in 2002 and in 2006.

The judges of the NST/Maybank COTY 2010 said SM Nasarudin's role in strengthening Nasim's relationship with Automobiles Peugeot this year was a key factor in their decision to bestow him with the prestigious award.

In January 2009, SM Nasarudin's successful negotiations with Automobiles Peugeot saw the latter announcing Nasim as its partner to make Malaysia its manufacturing hub for right-hand drive vehicles in the region.

The first car to be launched under this new partnership and direction was the 207 which was introduced to the Malaysian market in early November 2010. The 207, assembled by Naza Automotive Manufacturing in Gurun, has already been exported to Thailand and will soon be exported to other right-hand drive markets in the region in the first quarter of 2011.

The next car to be launched under this partnership will be a C-segment sedan codenamed T73. There are plans to export this car to right-hand drive markets in Asean as well as other countries in the Pacific region.

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