Transaction will occur upon the satisfaction of the conditions precedent as specified in the Entire Business Transfer Agreement, entering into between the Company and SUTGH (“Entire Business Transfer Agreement
based pool. The Korea Power Exchange (KPX) functions as the independent electricity market operator in Korea. In this role, KPX acts as the clearing house for power sales and purchases. It controls real
representing 30.89 percent of the total voting rights of GLOW). On 20 June 2018, GPSC and Engie Global Developments B.V. (“Engie” or the “Seller”) entered into the Share Purchase Agreement (the “SPA”) to
company had signed the Share Purchase Agreement (SPA) with Engie Global Development B.V. to purchase 69.11% shares of GLOW and to acquire the remaining shares of 30.89% through tender offer process. Subject
million baht after the units already held are combined. The calculation for the total value of units held in Paragraph 1 shall be based on the trading value of each transaction; “trust manager” means the
exemption has been granted by the SEC Office based on necessary and reasonable ground or in cases where it can be considered that credit rating arrangement is not needed. Clause 28 The approved Thai
accordance with the criteria set out under Part 3; The debt securities denominated in Thai Baht under Paragraph 1 shall have an agreement for debt securities payment and debt obligations under the debt
agreement after Phase 2-4 start to operate water distribution. The Company will purchase more GS’s share in the future from exisiting shareholder of GS 138,288 shares with a par value of Baht 100.00 per share
of the Independent Financial Advisor on the connected transaction (For the purpose of translation only) 4 This IFA report was prepared based on the information gathered from interviews with the