WBL Corporation Limited co reg no. 191200028Z INCORPORATION OF AN ASSOCIATED COMPANY

Singapore, 13 January 2014 - WBL Corporation Limited ("Wearnes") wishes to announce that its wholly-owned subsidiary, Wearnes Automotive Pte. Ltd., ("Wearnes Automotive") and CTBROTHERS Invest Joint Stock Company ("CTBROTHERS") have incorporated a joint venture company in Vietnam known as "CÔNG TY TNHH CT - WEARNES VI