into Material Transactions Deemed as Acquisition or Disposal of Assets, and the Notification of the Board of Governors of the Stock Exchange of Thailand Re: Disclosure of Information and Other Acts of

. Suthipot Ariyasuthivong Disposition Stock 6.0215 2.1428 3.8787 09/08/2021 6.0215 2.1428 3.8787   246012502108-1 OTO Mr. Suthipot Ariyasuthivong Disposition Stock 10.3072 0.7142 9.593 01/06/2021 10.3072

Stock Company (“VGI Vietnam”) with a total investment of VND 347.7bn or an equivalent of THB 457mn (THB 343mn by MACO and THB 114mn by VGI). VGI Vietnam is a leading OOH media company with nationwide

bond allowing the bondholder to convert bond to the Company’s stock at the adjusted conversion price at THB 4.40 per share. Page 2 of 11 Singha Estate Public Company Limited Management Discussion and

with the US stock and debt markets. 11 Moreover, our cooperative efforts with various partners are ongoing. Of note was “UGG: Global Long-term Growth Opportunity among Innovative Economies”, an event

right to purchase, or to convert those securities into, shares of such business; (2) “Business” means a company whose shares are listed on the Stock Exchange; (3) “SEC Notification No. KorChor. 53/2545

Jarunun Asavadumrongchai Acquisition Stock 4.4857 6.262 10.7477 16/07/2021 4.4857 6.262 10.7477   246012192107-1 AEC Mr. Luchai Pukananan Disposition Stock 10.4711 6.262 4.2091 16/07/2021 10.4711 6.262

| Stock in SET100 | Offering Date - 04/10/2019 - 17/03/2020

Derivative Warrants | SCC19C2003B | DERIVATIVE CALL WARRANTS ON THE SIAM CEMENT PUBLIC COMPANY LIMITED ISSUED BY YUANTA SECURITIES (THAILAND) COMPANY LIMITED LAST TRADING IN MARCH 2020 # B | Stock in

| Stock in SET50 | Offering Date - 11/10/2019 - 03/04/2020