RNS Number:8848D
CCH International plc
01 June 2006



Press Release                                                        1 June 2006


                             CCH International Plc


                            ("CCH" or "the Company")


        CCH agrees multiple financing facilities for Turkish group GISAD


CCH International Plc (AIM: CCH), the trade finance group, today announces a
number of financing agreements.


Sharia-compliant facility for GISAD Dis Ticaret A.S.

CCH has reached agreement with GISAD Dis Ticaret A.S. ("GISAD") of Turkey to
conclude a US$10 million three-year Sharia-compliant trade finance facility for
GISAD to fund VAT receivables due from the Turkish government. CCH has acted as
an agent of the Funder, an Islamic Bank located in the Gulf . This is the second
tranche of an existing US$20 million facility that was originally funded in
2005. GISAD is a leading Turkish export trade company offering a wide range of
activities and investments from raw materials to textiles to transportation,
with total exports of its 800 partners reaching US$2.5 billion.


Sharia-compliant facility for GISAD Arac Kiralama A.S.

CCH has arranged a US$20 million Sharia-compliant financing facility for a GISAD
subsidiary, GISAD Arac Kiralama A.S., which centrally manages vehicle parks,
covering the purchase of cars for onward leasing to GISAD member companies. This
has been jointly mandated with an Islamic GISAD Arac has also mandated CCH to
increase the overall facility to US$100 million once this US$20 million tranche
is fully utilised.


US$20 million financing facility for GISAD Faktoring A.S.

Initial funding of US$6 million has also commenced under a US$20 million
financing facility for GISAD subsidiary, GISAD Faktoring A.S., which is a fully
equipped factoring company that offers the full range of trade finance products
and services. It is the intention to increase this facility amount to US$20
million within six months. The facility will be used to finance a pool of local
Turkish receivables insured for non-payment by a local Turkish insurance
company.


Ibrahim Ozdogan, Chairman of GISAD, said: "We are pleased to have entered into
these facilities with CCH. We increasingly look to CCH for innovative financial
solutions to our financing needs through CCH's ability to create flexible Sharia
compliant financing solutions."


Eren Nil, Managing Director of CCH International plc, commented: "We are
delighted to further strengthen our relationship with GISAD, one of Turkey's
major exporters. As Ibrahim states, we are currently looking at several other
transactions with Gisad and I hope to be able to make similar announcements
about these in the near future. This transaction shows our ability to conclude
multiple transactions with one client."


                                    - Ends -


For further information, please contact:

CCH International Plc                               www.cch-international.com
Eren Nil, Managing Director/                        Tel: +44 (0) 20 8334 0871
Richard Fossett, Director and COO
eren@cch-international.com
r.fossett@cch-international.com

Abchurch Communications                             www.abchurch-group.com
Heather Salmond / Charlie Jack                      Tel: +44 (0) 207398 7700
charlie.jack@abchurch-group.com


Notes to editors -

CCH International offers a range of finance products to institutions and
corporations wishing to raise finance or to sell on trade receivables either
through conventional means or through its own internet based brokerage facility
www.cch-etrade.com. The Company is listed on the Alternative Investment Market
(AIM) of the London Stock Exchange. CCH International is also a specialist in
Islamic Finance and has the ability to arrange for Morabaha, Ijara, Istisna and
other compliant facilities.


CCH International has offices in England, Germany and Bahrain, as well as
strategic partnerships / affiliates / relationships in Australia, UAE, Turkey,
and the USA.

Further information on the Company is available at www.cch-international.com.



                      This information is provided by RNS
            The company news service from the London Stock Exchange

END
AGRIIFVDRIILIIR
Coca-cola Hbc (LSE:CCH)
Historical Stock Chart
From Jun 2024 to Jul 2024 Click Here for more Coca-cola Hbc Charts.
Coca-cola Hbc (LSE:CCH)
Historical Stock Chart
From Jul 2023 to Jul 2024 Click Here for more Coca-cola Hbc Charts.