(Translation) No. IR/2561/010 27 February 2018 Subject: Acquisition of assets To: President The Stock Exchange of Thailand Enclosures: Information Memorandum of Singha Estate Public Company Limited

from the profit from the Company's internal operations. This is 67.42 percent. The higher net profit from sales increased net profit. The financial position of the Company as at March 31, 2017 is as

is approximately 0.79 percent of the Company’s Net Tangible Assets (NTA) (NTA of the Company as per the latest financial statement as of June 30, 2017 was Baht 12,668.99 million) which is less than

internal resources and financing through our routine funding sources. At this stage, the Bank does not expect to raise equity specifically for the purpose of funding this Transaction. 5. Transaction

1Q2020, overall palm oil production in both domestic and international market declined due to the significant impact of drought on agriculture. According to Department of Internal Trade, local crude palm

recovery that increased by 38% y-y caused by increased the internal legal staff to expedite the legal process. In the third quarter of 2019, other incomes were 841 million baht, increasing by 330 million

continue to has expenses which are fix cost which are animal feed, utilities for instance. Though, the company has managed its costs, internal resources, business operation and the cash flow to the maximized

management committee, an investment committee or an operational oversight committee, etc, or advisors of such committees. 2 (4) “departmental director” means a person who is in charge of internal affairs of a

expenses to support job expansion, employee bonus, audit fee, internal audit fee, meeting allowance and other compensation for directors. Theses are expenses related to the preparation for listing on the

is mainly due to increasing in employee salary expenses to support job expansion, employee bonus, audit fee, internal audit fee, meeting allowance and other compensation for directors. Theses are