MOL Global Appoints Industry Veteran Craig White As President of Global Operations

Online, April 19, 2011 (Newswire.com) - MOL Global, the parent company of MOL AccessPortal Sdn Berhad and Friendster, Inc., today announced the immediate appointment of Internet industry veteran and former Naspers/MIH executive Craig White as president of Global Operations. Mr. White will be based in Singapore.

The former CEO of Naspers/MIH Southeast Asia has more than 20 years of global leadership experience in the Internet and technology sectors. During his tenure at Naspers/MIH Southeast Asia, Mr. White was responsible for several of the Naspers' invested Internet and media companies including BuzzCity, ibibo, Lelong.com.my, Multiply, among others.

Ganesh Kumar Bangah, Group Chief Executive Officer of MOL Global, said, "Craig White is an exceptional leader with the vision, global experience and deep industry and technical knowledge to help make MOL AccessPortal and Friendster even stronger for its investors, customers, partners and employees. Craig has achieved an extraordinary track record of success in growing and delivering superior operating results at Internet and technology businesses in highly competitive markets around the world as well as in driving key corporate and product innovations - always with a focus on serving the needs of customers. In particular, Craig's operational background in key Asian markets for our products and services will be of great benefit as we move forward."

Mr. White was with Naspers/MIH Southeast Asia since 1998 and served as its CEO for its Southeast Asian region from 2008. Before joining Naspers in Singapore, Mr White was based in Thailand and was the president for M-Web Thailand/Sanook Online and the managing director for Thailand's KSC Commercial Internet.

Mr. White said, "I am honored to have this opportunity and excited by the possibilities that lie ahead for MOL and Friendster. These companies have earned a powerful reputation for technological innovation, commercial success and relentless focus on customers. I look forward to working with our talented leadership team and employees to continue to build on this record of outstanding performance, with a focus on delivering superior shareholder return. I believe strongly that MOL Global is well positioned to continue to deliver the critical products and services its customers need to succeed today, and to become an even more valuable partner to them going forward."

To download a high-res version of Craig White's photo, please go to: www.flickr.com/molpr.

About MOL Global
MOL Global is one of Southeast Asia's biggest internet companies and fully-own both payment service provider, MOL AccessPortal Sdn Berhad (MOL) and the world's pioneer social network, Friendster Inc. (Friendster). Through its ownership of MOL and Friendster, MOL Global has one of the region's largest end-to-end content, distribution and commerce networks, pairing MOL's physical payment collection points and payment platform with Friendster's large online footprint, social network and user community in Asia.

MOL is a MSC Malaysia Status Company that operates and develops payment systems incorporated in 2000. MOL handles over 60 million transactions with an annual payment volume of USD200 million. MOL leverages on a network of more than 540,000 physical payment collection points across more than 75 countries. It is also linked online to 88 banks in 9 countries worldwide. MOL was recognized as one of Asia Pacific's fastest growing technology companies in the Deloitte Technology Fast 500 Asia Pacific 2010 Awards. For more information on MOL Global, check www.molglobal.net.

All product and company names mentioned herein may be registered trademarks or trademarks of MOL Global or the respective referenced company(s).

Media Contacts:
Winnie Loo
T: +65 9125-6189 (Singapore)
winnieloo@mol.com