Mongolia Holdings, Inc. and XacBank of Mongolia Announce Financing for Equipment Fleet Purchases

Mongolia Holdings, Inc. (OTCQB: "MNHD") is pleased to announce that, through its wholly owned Mongolian subsidiaries HERC, LLC & Equipment Rental, LLC, it has entered into a loan agreement with XacBank for a $10 million equipment financing transaction for its Hertz Equipment Rental franchise operations in Mongolia. This financing represents the first $10 million tranche of a proposed $40 million line-of-credit arranged by XacBank.
XacBank is the flagship subsidiary of Tenger Financial Group, a diversified financial services holding company with banking, insurance, leasing, investment advisory, mortgage, and commercial and consumer finance operations. It is one of Mongolia'slargest banks, serving retail customers, small and medium-sized businesses as well as large corporations. XacBank operates in all 21 provinces and the capital city serving more than 700 thousand customers through its 96 retail and business branches, as well as specialized banking outlets that include 400 mobile banking agents. The Bank aims to create a sustainable value for its shareholders and institutional investors, while promoting a triple-bottom line vision and mission built around "Planet, People and Profit".
Mongolia Holdings, Inc., CEO Gary Kucher stated: "This culminates over three years of planning, due diligence, hard work and execution. I want to personally thank all of the representatives of XacBank and Hertz, together with our management team, employees and stakeholders, as this completes a truly historic milestone for the Company and a significant corporate financing within Mongolia. This credit facility allows the Company to further execute its business plan, and we anticipate announcing additional progress in the near term. We look forward to working together and forging a longstanding, mutually successful relationship with bothHertz and XacBank that will continue to build value for our stakeholders."
Via the capital markets, Mongolia Holdings plans to explore sourcing additional funding to be used for the set-up of its equipment maintenance facilities, build-out of its mobile services vehicles, new employee training and to fund on-going operations. While the Company is confident in realizing its goals, it offers no assurances that it will be successful in obtaining this additional funding.
Allen Anderson and Joe Yuen from Peacefield Ltd of Hong Kong served as financial advisors to Mongolia Holdings.
About the Company: 
Mongolia Holdings, Inc., through its wholly-owned subsidiary Mongolia Equipment Rental Corporation, is the Hertz Equipment Rental franchisee for Mongolia. This exclusive franchise allows the Company to operate a business of renting, selling, and maintaining equipment for use in construction, mining, materials-handling, commercial, and industrial activities in Mongolia under the unique plan and system of Hertz Equipment Rental Corporation and Hertz Equipment Rental System. In 2014 the Company formed two wholly-owned operating subsidiaries in Mongoliacalled HERC, LLC and Equipment Rental, LLC. When qualifications are met,Mongolia Holdings intends to apply for an up-listing to the NYSE Markets, Nasdaq, or another US securities exchange. While the Company is confident in its plans, it can offer no assurances that it will be successful in listing on an exchange of its choice.
About XacBank: 
In Mongolia, XacBank is a leader in Corporate Governance, Transparency and Risk Management, and is best known for its world standard Corporate Social Responsibility implementations. In 2014, both Moody's and Fitch ratings affirmed the operational scope and the credit capacity of XacBank at "B3" and "B" respectively, whilst development finance rating agency Planet Rating awarded the Bank a rating grade of "4" out of "5" for its long-standing social performance.
About Mongolia
Mongolia is one of the fastest growing economies in the world, led by the extraction of vast deposits of coal, copper, gold, uranium, iron ore and other commodities. Its proximity to four of the largest economies in the world -- ChinaRussiaJapan, andSouth Korea -- creates trade and cross-border investment opportunities that are distinct from those available to competing resource-rich countries. These natural advantages, along with recent pro-business changes in foreign investment rules, securities laws, and mining regulations, have the nation poised for sustained growth in the construction sector for infrastructure development and industrialization resulting from large-scale mining projects. Mongolia is an independent democracy of approximately three million people dedicated to becoming the economic corridor of Eurasia.
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