UCBH Holdings, Inc. Prices $135 Million Offering of Non-Cumulative Perpetual Convertible...

UCBH Holdings, Inc. Prices $135 Million Offering of Non-Cumulative Perpetual Convertible Series B Preferred Stock

SAN FRANCISCO--(Business Wire)--
UCBH Holdings, Inc. (NASDAQ:UCBH), the holding company of United
Commercial Bank (UCB(TM)), announced today that it has priced 135,000
shares, or $135 million in aggregate liquidation preference, of 8.50%
Non-Cumulative Perpetual Convertible Series B Preferred Stock (the
"Preferred Stock"). UCBH also granted the underwriters a 30-day option
to purchase up to an additional 20,250 shares, or $20.25 million in
aggregate liquidation preference, of Preferred Stock to cover
overallotments, if any. The holders of the Preferred Stock will have
the right at any time to convert each share of Preferred Stock into
236.1275 shares of UCBH's common stock, which represents an initial
conversion price of approximately $4.24 per share of common stock.

UCBH expects to use the net proceeds from this offering for
general corporate purposes.

Merrill Lynch & Co. is serving as the sole book-running manager,
and Sandler O'Neill & Partners, L.P. is serving as co-manager for this
offering.

The offering was made under UCBH's automatic shelf registration
statement filed with the Securities and Exchange Commission on June 4,
2008.

Copies of the prospectus supplement and accompanying prospectus
relating to the offering can be obtained from Merrill Lynch & Co.,
Attn: Prospectus Department, 4 World Financial Center, New York, NY
10080 (Telephone: 212-449-1000).

This news release shall not constitute an offer to sell or a
solicitation of an offer to buy, nor shall there be any sales of these
securities in any state or jurisdiction in which such an offer,
solicitation or sale would be unlawful prior to registration or
qualification under the securities law of any such state or
jurisdiction.

About UCBH Holdings, Inc.

UCBH Holdings, Inc., with $12.74 billion in assets as of March 31,
2008, is the holding company for United Commercial Bank, a
state-chartered commercial bank, which is a leading bank in the United
States serving the Chinese communities and American companies doing
business in Greater China. Together, the Bank and its subsidiaries,
including United Commercial Bank (China) Limited, operate 77
branches/offices and provide commercial banking services to small- and
medium-sized businesses and professionals in a variety of industries,
as well as consumer and private client services to individuals.

UCBH HOLDINGS, INC.
Douglas Mitchell, 415-315-2800
Senior Vice President
Corporate Development and Investor Relations
or
EVC Group
Investor Relations:
Douglas M. Sherk or Jenifer Kirtland, 415-896-6820
Media Relations:
Steve DiMattia, 646-201-5445

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