Determine the Value of Consideration). The Company will acquire shares equivalent to 37.5 percent, in total of981 Million Baht. However, the Company has expended 325 Million Baht in negotiation process in

) that were converted to equity by August 2017. This allowed the Company to raise $ 452 million to strengthen its balance sheet. As a post-period update, the major shareholder in IVL also partially

) that were converted to equity by August 2017. This allowed the Company to raise $ 452 million to strengthen its balance sheet. As a post-period update, the major shareholder in IVL also partially

30 June 2018, NML’ debt owed to the Company was Baht 75.82 million. After the disposal of all investments in NML, NML will cease to be a subsidiary of the Company. 6. Criteria to determine total value

: “Article 4 Registered Capital : 1,729,277,000 Baht (One Thousand Seven Hundred Twenty Nine Million Two Hundred Seventy Seven Thousand Baht) consisting of : 345,855,440 shares (Three Hundred Forty Five

: “Article 4 Registered Capital : 1,729,277,000 Baht (One Thousand Seven Hundred Twenty Nine Million Two Hundred Seventy Seven Thousand Baht) consisting of : 345,855,440 shares (Three Hundred Forty Five

internal rate of return (EIRR) of not less than 20 percent. 9. Expected benefit Based on statistics of foreign tourists from the Department of Tourism in 2016, there are approximately 32 million foreign

document(s)) □ มีส่วนของผู้ถือหุ้นตั้งแต ่100 ล้านบาทขึ้นไป หรือ / having shareholder equity not less than Baht 100 million or □ มีเงินลงทุนโดยตรงในหลักทรัพยห์รือสัญญาซื้อขายล่วงหน้าตัง้แต่ 20 ล้านบาทขึ้นไป

document(s)) □ มีส่วนของผู้ถือหุ้นตั้งแต ่100 ล้านบาทขึ้นไป หรือ / having shareholder equity not less than Baht 100 million or □ มีเงินลงทุนโดยตรงในหลักทรัพยห์รือสัญญาซื้อขายล่วงหน้าตัง้แต่ 20 ล้านบาทขึ้นไป

adjusted book value approach of the total investment in NU in the range of Baht 219.73 and 320.44 million. The mentioned range is calculated from the value of all assets deducted with the value of all