(Translation) Pace Development Corporation Public Company Limited 87/2 CRC Tower, All Seasons Place 45th Fl., Unit 3, Wireless Road, Lumpini, Pathumwan, Bangkok 10330 Thailand Tel. +66 2 654 3344 Fax

. Calculation Methodology Calculation Formula Transaction Size 1. Net Tangible Asset Value Basis % of NTA as per the proportion acquired / NTA of the Company. Baht 20% * 208,211.87 / Baht 64,477,810 0.07% 2. Net

estate development business, whether in the form of a company, trust, or any other form; “net exposure” means the net investment value, whether from direct or indirect investment in a financial instrument

is equivalent to 26% of the paid-up capital, disposed to MCL Property Company Limited http://www.pacedev.com/ - 2 - Disposal Price and fair/book value of Common Shares : • The disposal price for

Company, as such the highest transaction value of 45.04 percent based on the net tangible asset basis is considered as Class 2 transaction in accordance with the Notification on Acquisition or Disposal of

paid- up shares of SUTGH. As of the business transfer date, SUTGH will hold shares of SUT Global Company Limited (“SUTG”), in the amount of 132,000 shares, having a par value of THB 100 per shares, or

months; therefore, the total transaction value is still equal to 13.03 percent which is less than 15 percent which is not required to disclose information under the Notification of the Capital Market

of 265.40 square meters. 4. Total Value and rule for fixing of total value of the transaction 4.1) The transaction that the company made with the connected persons and their close relative during

Loan 4. Total Value and rule for fixing of total value of the transaction 4.1) The transaction that the company made with the connected persons and their close relative during period 6 months. Borrower

: Unsecure Loan 2 4. Total Value and rule for fixing of total value of the transaction 4.1) The transaction that the company made with the connected persons and their close relative during period 6 months