Capital Market Supervisory Board concerning Conversion of Property Fund into Real Estate Investment Trust; 4 “executive” means an executive as specified in the Notification of the Securities and Exchange
including [existing] clients of an intermediary. 2 “institutional investor” means an institutional investor as specified in the Notification of the Securities and Exchange Commission concerning the
Thailand (No. 3) dated 15 October 2013. Clause 3 In this Notification and the Application Form for an offer for sale of newly issued securities as stipulated by this Notification: “securities” means the
shares in other companies (Holding Company) which engage in the property business whereas the Company has agreed to accept the transfer of all assets and liabilities of UE as of the entire business
and conditions stipulated under the Thai Revenue Code for the purpose of tax exemption for such transaction (the “Entire Business Transfer Transaction”). BTSG is a majority shareholder of the Company
) shareholders within the time specified by the applicable rules, regulations and law, or in case of occurrence of any event which necessarily causes amendment or change of the determination of such dates and time
paragraph within the period specified by the laws. Should the Company fail or be unable to dispose of all of those shares bought back by the Company within the period specified by the laws, the Company shall
bought back by the Company as per the preceding paragraph within the period specified by the laws. Should the Company fail or be unable to dispose of all of those shares bought back by the Company within
information disclosure to investors. It is thus deemed appropriate that the notification relating to establishment and management of funds as specified in the Notification of the Securities and Exchange
disclosure to investors. It is thus deemed appropriate that the notification relating to establishment and management of funds as specified in the Notification of the Securities and Exchange Commission No