Calculation of Offer Price of Securities and Determination of Market Price for Consideration of Offer for Sale of Newly Issued Shares with Discount

, ThaiBMA offered registration fee discount to those businesses issuing bonds within this year.Vorapol Socatiyanurak, SEC Secretary-General, said that the SEC in collaboration with ThaiBMA launched a project

Authority the (“PWA”) – the Company’s major shareholder. 3. General characteristics of the transaction. The PWA requested that the Company provide a 30% discount to the water tariff for the Koh Samui Branch

issuing bonds to raise fund. The project also aims to encourage those businesses to consider the capital market as a useful channel for fund raising and cost restructuring while fee discount will be offered

following prices:            (1)  the weighted average price with a further discount of not more than 10 percent*;      (2)  the book building price;       (3)  the appraisal price by the financial

, were considered connected persons of the Company and had no right to vote on this agenda. 2. Name of the connected persons and the relationship. Discount Provider : Eastern Water Resources Development

relationship. Discount Provider : Universal Utilities Public Company Limited Discount Recipient : Provincial Waterworks Authority The Relationship with the Company EASTW is the major shareholder of UU and holds

Fund Management License instead to be more in line with the actual operated business may use the remaining paid fee as a discount for the new license fee.   The consultation paper is available at https

regulations.* For example:• Shareholders’ equity falls below 50 percent of the paid-up capital with discount on share capital deducted;• Filing a rehabilitation petition under the Bankruptcy Act and the Court

wish to pursue. In such case, the paid license fee will be calculated as a discount for the new license fee. Financial institutions established under specific law are also eligible for License E and PF