(UNOFFICIAL TRANSLATION) Codified up to No. 5 As of 19 February 2018 Readers should be aware that only the original Thai text has legal force and that this English translation is strictly for reference. Notification of the Capital Market Supervisory Board No. Tor Jor. 12/2558 Re: Offering of Units of Infrastructure Trusts ___________________ By virtue of Section 16/6 of the Securities and Exchange Act B.E. 2535 (1992), as amended by the Securities and Exchange Act (No.4) B.E. 2551 (2008), and Se...

offer for sale of the debt securities may contradict a public or government policy; (3) the offer for sale of the debt securities may have a negative impact on credibility of the Thai capital market; (4

governmental policy; (3) the offer for sale of the bonds may have a negative impact on credibility of the Thai capital market; (4) the offer for sale of the bonds may cause damage or unfairness to investors in

governamental policy; (3) the offer for sale of the debt securities may have a negative impact on the credibility of the overall Thai capital market; (4) the offer for sale of the debt securities may cause damage

Thai capital market. Part 2 Principles for Operation of Securities Clearing Houses and Central Securities Depositories 2 Clause 3 To encourage securities clearing houses and central securities

may cause an adverse effect to the credibility of the Thai capital market as a whole; (4) the offering of securities may cause any damage or an unfair treatment to the investors as a whole, or the

development of innovations and financial technologies, as well as to promote the competitiveness and growth of the Thai capital market. In this regard, the enactment of this Act complies with the conditions

offer for sale of units may cause an adverse effect to the credibility of the Thai capital market as a whole, or; (4) the offer for sale of units may cause [i] any damages or an unfair treatment to the

) the offer for sale of the debt securities may have a negative impact on credibility of the Thai capital market; (4) the offer for sale of the debt securities may cause damage or unfairness to investors

negative impact on the credibility of the Thai capital market; (4) the offering may cause damage or unfairness to the investors , or cause investors not to receive correct or sufficient information for