follow; Land Assessor Date Price/Sq.wa Total Price Official Assessment 2016-2019 26,000 252,740,800 Sasipakdi Co., Ltd. 23/07/18 15,894.31 149,755,000 Advanced Appraisal Co., Ltd. 09/09/18 15,948.64

Advanced Appraisal Co., Ltd. 09/09/18 15,948.64 150,300,000 Sims Property Consultant Co., Ltd. 04/03/19 15,999.58 150,780,000 The Company had sold Park Ville, Zone B by bidding since 14 September 2018 to 12

quarter 3/2018, as of February 28, 2018, which were reviewed by the auditor. 2. Has approved to propose to the shareholders meeting for ratification in the disposition of shares in Thai bonnet Trading Zone

the SEC) Valuation for accounting purposes on December 20, 2018 Government Land Appraisal Price : 28,605,000.00 Baht or 500,000.00 Baht/rai 5. Total value of the consideration, payment and payment

/2018, as of February 28, 2018, which were reviewed by the auditor. 2. Has approved to propose to the shareholders meeting for ratification in the disposition of shares in Thai bonnet Trading Zone Company

foreign exchange gain (loss) has taken into account fair value valuation of derivatives in accordance with TFRS9. 3. Adjusted Net Income is net profit attributed to the Company excluding "fair value of

. (approved by the Office of the SEC) Valuation for accounting purposes on December 20, 2018 Government Land Appraisal Price : 28,605,000.00 Baht or 500,000.00 Baht/rai Cost of Purchase Value : 11,600,770.70

companies. Gulf WHA MT has the investment plan in the future for 4 projects with the target investment in industrial estate or industrial zone. List of shareholders : 1. Hemaraj holds 2,499,000 shares. 2

(same as the value appraisal). The objective of assessment in order to consider acquiring the asset. Assessor The Valuation & Consultants Company Limited Method of Valuation Market Comparison Approach The

Net Income, the net profit attribute to the company that excludes the “fair value of intangible asset from the acquisition of GLOW”, the assessment of the fair value of net assets and allocation of