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CORRECTING and REPLACING Bravia Capital Advises on and Structures Acquisition of Cronos Limited by Bohai Leasing Co., Ltd., Strengthening Bohai’s Position in Global Transportation and Equipment Finance

Please replace the release with the following corrected version due to multiple revisions.

The corrected release reads:

BRAVIA CAPITAL ADVISES ON AND STRUCTURES ACQUISITION OF CRONOS LIMITED BY BOHAI LEASING CO., LTD., STRENGTHENING BOHAI’S POSITION IN GLOBAL TRANSPORTATION AND EQUIPMENT FINANCE

Bravia Capital, the Hong Kong based investment and advisory firm, announced today that they have arranged and structured the successful acquisition of Cronos Limited (“Cronos”), a leading global container leasing company, by Bohai Leasing Co., Ltd. (“Bohai”), a public company listed on the Shenzhen stock exchange. Bohai is a leading global transportation equipment and infrastructure finance company which owns and manages leasing companies and investments in aircraft, ships, containers, infrastructure, commercial property, medical equipment, automobiles, high-end equipment and other specialized lending and leasing businesses.

The acquisition of Cronos will complement Bohai’s existing investment in Seaco Group. With the acquisition and the amalgamation of the two companies Bohai will now be the largest and most diversified container leasing company in the world by Container Equivalent Units (“CEU”).

With the Cronos acquisition, we are bringing to Bohai a company with a similarly well-managed and well-diversified portfolio of on-lease cargo containers, but with complementary strengths across regional lines and customer base. Bravia identified this acquisition as a strong value-add proposition for Bohai shareholders, who will benefit from the creation of a clear market leader,” said Mr. Bharat Bhise, Bravia Capital CEO.

As the largest container leasing company in the world by CEU with a strong market position in specialized containers and increasing cost efficiencies, this acquisition will make the combined companies more competitive in the market and able to deliver increased value to its customers,” said Mr. Hal Hayward, Managing Director of Bravia Capital.

Cronos is one of the world’s leading cargo container lessors, and an industry leader in specialized container leasing. The company leases dry, refrigerated, tank and specialized intermodal container equipment to users worldwide across a number of industries. Headquartered in San Francisco, Cronos supplies its customers with containers and related services from over 20 locations in 18 countries. Cronos owns approximately $2.5 billion in container equipment and boasts one of the most diversified fleets in the industry.

Bravia Capital is a Hong Kong based investment and advisory firm with a primary focus on transportation, logistics, infrastructure and financial service investments worldwide. Bravia have recently completed several key transportation sector acquisitions on behalf of itself and its partners: Thotakã Tecknologies India (2014), Energy Asia Transportation (2014), TIP Trailer Services Group (2013), Africa World Airlines in Ghana (2012), Seaco (2011), MyCargo Airlines (2011), MyTECHNIC (2010), and Hong Kong Aviation Capital (2010). For more information, please go to the company’s web site: www.braviacapital.com.

Contacts:

For Bravia Capital
Hayley Talaber, 212-798-9501
Hayley.Talaber@cohnwolfe.com

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