ANNUAL RATING RESULTS OF PT HINO FINANCE INDONESIA PERIOD 2023-2024

Jakarta, 27 June 2023 - In order to comply with OJK Regulation No.49/POJK.04/2020 regarding Ratings of Debt Securities and/or Sukuk, PT Fitch Ratings Indonesia (“Fitch”) reevaluating the Annual Rating of PT Hino Finance Indonesia (the “Company”) with results as follows:

Affirmed National Long-Term Rating at 'AAA(idn)' with Rating Watch Negative
Affirmed the National Long-Term Rating at 'AAA(idn)' for Hino Finance Indonesia's 2022 Bond I with Rating Watch Negative (RWN)

The RWN occurred following the announcement of a potential change in the shareholding structure of Hino Motors, Ltd., which owns 40% of the Company's shares. The Company's current rating is driven by Fitch's expectation of extraordinary support from Hino Motors in a time of need and is related to its assessment of shareholder's credit profile.

New Structure Plan: Toyota Motor Corporation (A+/Stable), owner of 50.1% of Hino Motors, and Daimler Truck AG, majority shareholder of Mitsubishi Fuso Truck and Bus Corporation, plan to establish a new holding company as direct shareholders of two subsidiaries company. Toyota and Daimler Truck will become shareholders of the new holding company, which will also have other minority shareholders.

Fitch believes Hino Motors' relationship with Toyota strengthens its credit profile and the announced collaboration could change Hino Motors' shareholding structure and credit profile, as well as Toyota's level of control and support. The plan is not legally binding, although a final deal is slated to be signed by late-1Q24 and the new parent company's final corporate structure will be defined over the next 18 months.

Fitch may remove the RWN and affirm the Company's rating if the corporate action is cancelled, or if Fitch assesses that Hino Motors' post-transaction credit profile and its relationship with the Company remains strong enough to support the Company's rating at its current level.

Detailed information can be seen in the information release issued by Fitch.

https://www.fitchratings.com/research/non-bank-financial-institutions/fitch-places-hino-finance-on-rating-watch-negative-14-06-2023

[CSR ACTIVITY] - STRENGTHENING EDUCATION: REVITALIZATION OF THE MTS JAUHAROTUN CAWANG BUILDING

26 February 2024

Jakarta, 26 February 2024 — As part of PT Hino Finance Indonesia's (Company) commitment to provide a positive impact on the surrounding community, the Company is actively involved in Corporate Social Responsibility (CSR) through the revitalization of the Madrasah Tsanawiyah (MTs) Jauharotun building located around the Company's head office.

Guard Your Personal Data: Wiser Social Media Use for Reputation and Future Protection

25 December 2023

Through the "Guard Your Personal Data" campaign, HFI invites all of us to be part of the solution. Let's be wise in using social media, protect our reputation, and secure our future.

[CSR ACTIVITY] – CARING FOR EDUCATION ESPECIALLY FOR MEDICAL RESOURCES, PT HINO FINANCE INDONESIA CONDUCT THE SCHOLARSHIP PROGRAMME AND FINANCIAL LITERATION

20 October 2023

Jakarta, 20 October 2023 - As part of the Company's commitment to education, PT Hino Finance Indonesia (the Company) provide scholarships to students as a form of the Company's concern for the education sector especially towards medical resources. This is the Company's commitments to support sustainable development goals which is Quality Education.

Hino Finance Indonesia Greets Customers on National Customer Day

26 September 2023

Jakarta, 26 September 2023 - In commemoration of National Customer Day 2023, PT Hino Finance Indonesia (the "Company") continues to improve services to customers by carrying out a series of interesting activities in September with the theme "Dear Customer, I HEART You" as a form of appreciation to the Company's loyal customers.