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

shares. The weighted average price using in the calculation must be the daily average price for trading. In the case that the Board of Directors of the Company views there are reasonable causes

(2004) dated 29 October 2004 (as amended) where the calculation of transaction size will be based on (1) the financial statements in which equity method is applied of the Company and the consolidated

B.E. 2547 (2004) dated 29 October 2004 (as amended) where the calculation of transaction size will be based on (1) the financial statements in which equity method is applied of the Company and the

the Acquisition and Disposal of Assets B.E. 2547 (2004) dated 29 October 2004 (as amended) where the calculation of transaction size will be based on (1) the financial statements in which equity method

on new acquisitions and their related transaction costs and pre-operative expenses 4 Interest net of tax on THB 15 billion Perpetual Debentures 5 M&A earnings are annualized for ROCE calculation to

6- month period, the Company has not acquired other assets. Therefore, the aggregate value of the transaction will be equal to 27. 07 percent based on a total value of consideration. The calculation

subsidiary of the Company. 3.2 Calculation of transaction value The calculation under the Notifications on Connected Transactions bases on the latest audited consolidated 9- month financial statements of the

for ROCE calculation to appropriately represent the ratio based on restated historical numbers. ROCE calculation is based on THB currency which may not match with other graphs where the calculation is

their related transaction costs and pre-operative expenses 4 Interest net of tax on THB 15 billion Perpetual Debentures 5 M&A earnings are annualized for ROCE calculation to appropriately represent the