AAV23/2016 July 14, Subject: Notification on Receipt of the Amendments to Tender Offer Form (Form 247-4) Sincerely Yours,

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1 AAV23/2016 July 14, 2016 Subject: Notification on Receipt of the Amendments to Tender Offer Form (Form 247-4) Attention: President The Stock Exchange of Thailand Asia Aviation Public Company Limited (the Company ) would like to inform you that today (July 14, 2016) the Company has received the Amendments to Tender Offer Form for Securities of the Company (Form 247-4) from Mr. Vichai Srivaddhanaprabha, Mr. Aiyawatt Srivaddhanaprabha, Mr. Apichet Srivaddhanaprabha, Ms. Voramas Srivaddhanaprabha and Ms. Aroonrung Srivaddhanaprabha, as the Tender Offerors, detailed as per the attachment. Please be informed accordingly. Sincerely Yours, (Mr. Tassapon Bijleveld) Chief Executive Officer Authorized to sign on behalf of the Company 222, Don Mueang International Airport, 3rd Fl., Central Office Bldg., Room no. 3200, Vibhavadee Rangsit Road, Don Mueang, Bangkok Tel. 66 (O) , Fax. 66(O)

2 This English translation of the Tender Offer document has been prepared solely for the convenience of the foreign securities holders of Asia Aviation Public Company Limited and should not be relied upon as the definitive and official Tender Offer document of the Group of Offerors. The Thai Language version shall be regarded as the definitive and official Tender Offer document of the Group of Offerors and shall prevail in all respects in the event of any inconsistency or discrepancy between the Thai version and this English translation. July 14, 2016 Subject: To: Disclosure of the Amendments to the Tender Offer Form for the Securities of Asia Aviation Public Company Limited The Secretary General of The Office of The Securities and Exchange Commission ( SEC ) The President of The Stock Exchange of Thailand ( SET ) The Board of Directors and the shareholders of Asia Aviation Public Company Limited Pursuant to Mr. Vichai Srivaddhanaprabha (the Offeror ), Mr. Aiyawatt Srivaddhanaprabha, Mr. Apichet Srivaddhanaprabha, Ms. Voramas Srivaddhanaprabha, and Ms. Aroonrung Srivaddhanaprabha (collectively called Group of Offerors ) as the Tender Offerors, and The Siam Commercial Bank Public Company Limited, as the Preparer of the Tender Offer, submitting the Tender Offer Form (Form 247-4) to tender for all shares of Asia Aviation Public Company Limited ( AAV or the Business ) to the Office of the Securities and Exchange Commission on June 23, 2016 whereby Mr. Vichai Srivaddhanaprabha will represent the Group of Offerors to purchase of shares of the Business. The Group of Offerors and the Preparer of the Tender Offer would like to disclose the amendments to the Tender Offer Form (Form 247-4) as follows: 1. Amendment to First Paragraph Page 1 I, Mr. Vichai Srivaddhanaprabha (the Offeror ), hereby offer to purchase all securities of Asia Aviation Public Company Limited ( AAV or the Business ) on behalf of Mr. Aiyawatt Srivaddhanaprabha, Mr. Apichet Srivaddhanaprabha, Ms. Voramas Srivaddhanaprabha, and Ms. Aroonrung Srivaddhanaprabha (collectively called Group of Offerors ) for all securities of Asia Aviation Public Company Limited (the Business ). Moreover, Mr. Vichai Srivaddhanaprabha will be the sole Offeror on behalf of the Group of Offerors as per the following details:

3 We, Mr. Vichai Srivaddhanaprabha (the Offeror ) Mr. Aiyawatt Srivaddhanaprabha, Mr. Apichet Srivaddhanaprabha, Ms. Voramas Srivaddhanaprabha, and Ms. Aroonrung Srivaddhanaprabha (collectively called Group of Offerors ) hereby offer to purchase all securities of Asia Aviation Public Company Limited ( AAV or the Business ), whereby Mr. Vichai Srivaddhanaprabha will represent the Group of Offerors to tender for all shares as per the following details:.. 2. Amendment to Part 1, Page 1, Clause 2 Name of the Offerors Mr. Vichai Srivaddhanaprabha (1) Mr. Vichai Srivaddhanaprabha (2) Mr. Aiyawatt Srivaddhanaprabha (3) Mr. Apichet Srivaddhanaprabha (4) Ms. Voramas Srivaddhanaprabha (5) Ms. Aroonrung Srivaddhanaprabha In this regards, Mr. Vichai Srivaddhanaprabha will represent the Group of Offerors to tender all shares of the Business. 3. Amendment to Part 1, Page 1-2, Clause 4 Objectives of Making the Tender Offer As a result, the Offeror is required to make a tender offer for all securities of the Company (Mandatory Tender Offer) to adhere to the notification of the Capital Market Supervisory Board No. Tor Chor. 12/2554 Re: Rules, Conditions, and Procedures for the Acquisition of Securities for Business Takeover. Moreover, Mr. Vichai Srivaddhanaprabha will be the sole Offeror on behalf of the Group of Offerors. As a result, the Offeror is required to make a tender offer for all securities of the Company (Mandatory Tender Offer) to adhere to the notification of the Capital Market Supervisory Board No. Tor Chor. 12/2554 Re: Rules, Conditions and Procedures for the Acquisition of Securities for Business Takeovers. Moreover, Mr. Vichai Srivaddhanaprabha will represent the Group of Offerors to tender for all shares of the Business. The Group of Offeror acquired major shareholding interests from existing major shareholders with the intention for long term investment in an airline industry. Moreover, the Group of Offerors believed that they can leverage on their experience and expertise to obtain the synergy between their duty free

4 business of King Power Group and AAV s Airline business, given that airline business is the channel to bring tourists into Thailand. Nonetheless, after making this tender offer for all securities of the Business, in order to adjust the shareholding ratio of each person in the Group of Offerors, the Group of Offerors may transfer the securities of the Company which already acquired among the Group of Offerors. However, the transfer of all securities of the Company as mentioned will not be resulted the person in the Group of Offerors is required to make a tender offer for all securities of the Company (Mandatory Tender Offer) to adhere to the notification of the Capital Market Supervisory Board No. Tor Chor. 12/ Amendment to Part 2, Page 6, Clause 1.1 Details of the Offeror of Mr. Vichai Srivaddhanaprabha Education: Work Experience: Honorary Degree of Doctor of Laws, University of Leicester, United Kingdom Honorary Degree of Doctor of Political Science, Kensington University, USA Education: Work Experience Honorary Degree of Doctor of Laws, University of Leicester, United Kingdom Honorary Degree of Doctor of Political Science, Kensington University, USA B.A. (Political Science), Ramkhamhaeng University 5. Amendment to Part 2 Page 11, Clause 4.3 Shareholding, Either Direct or Indirect, by the Business or Its Major Shareholders or Directors in the Offeror Prior to the acquisition of shares by the Offeror and Mr. Aiyawatt Srivaddhanaprabha, one of the Group of Tender Offerors held 40,000,000 ordinary shares of AAV which accounts for 0.83% of all issued and paid up ordinary shares. Prior to the acquisition of shares by the Group of Offerors, Mr. Apichet Srivaddhanaprabha, one of the Group of Offerors held 40,000,000 ordinary shares of AAV which accounts for 0.83% of all issued and paid up ordinary shares.

5 6. Amendment to Part 2, Page 11, Clause 4.4 Other forms of relationships, (2) Related party Transaction The Offeror and the other individuals belonging in the same group of the Offeror which are the major shareholders of King Power Marketing and Management Co., Ltd. entered into the related party transaction with respect to Thai AirAsia Co., Ltd. (the TAA ) having Asia Aviation Public Company as the major shareholder. The details of the material related party transaction, whose terms and conditions are in the ordinary course of business, are as follows: Parties : Thai AirAsia Co., Ltd. (the TAA ) King Power Marketing and Management Co., Ltd. (the KPM ) Material Nature of the : Undertaking and Managing the Sale of Duty Free Goods on Board Agreement Agreement - The TAA entitles the KPM to manage the sale of duty free goods on international flights of the TTA undertaken by crews of the TAA which providing service to passengers in any flights of the TAA. - The KPM shall pay commission fee to the TAA on monthly basis. Term of the Agreement : From July 19, 2011 to December 19, 2016 The Offeror and Group of the Offerors who are the major shareholders of King Power Marketing and Management Co., Ltd. (KPM) and King Power International Co., Ltd entered into the related party transaction with respect to Thai AirAsia Co., Ltd. (the TAA ), a subsidiary of AAV. The details of the material related party transaction, whereby the price, the terms and conditions are in the ordinary course of business in similar manners that would be with non-related party (Arm s Length Basis), are as follows: Undertaking and Managing the Sale of Duty Free Goods on Board Agreement Parties : Thai AirAsia Co., Ltd. (the TAA ) King Power Marketing and Management Co., Ltd. (the KPM ) Material Nature of the : Undertaking and Managing the Sale of Duty Free Goods on Board Agreement Agreement - The TAA entitles the KPM to manage the sale of duty free goods on international flights of the TTA undertaken by crews of the TAA which providing service to passengers in any flights of the TAA. Term of the Agreement - The KPM shall pay commission fee to the TAA on monthly basis. : From July 19, 2011 to December 19, 2016 Transaction Size : THB 2.5 mm for the period starting 1 June 2015 to 30 May 2016 (Last 12 Month)

6 Support Leicester City International Academy Parties : Thai AirAsia Co., Ltd. (the TAA ) King Power International Co., Ltd Material Nature of the Agreement : Support Leicester City International Academy in selecting junior football player in Thailand to join a football program at Leicester City Football Club in England Term of the Agreement : From January to 30 June 2017 Transaction Size : THB 25 mm for the period starting 1 January 2015 to 30 June Amendment to Part 2, Page 12, Clause 5.2 Source of Funds of the Offeror for the Tender Offer The Tender Offer Preparer has considered the source of fund of the Offeror and views that the credit line that the Offeror obtained from the aforementioned financial institution is sufficient to execute the Tender Offer without any impact to the Company s operation.....the Tender Offer Preparer has considered the source of fund of the Offeror and views that the credit line that the Offeror obtained from the aforementioned financial institution, which will be available for the Offeror throughout the Tender Offer Period, is sufficient to execute the Tender Offer without any impact to the Company s operation Amendment to Part 3, Page 14, Clause In Flight Services..Additionally, Thai AirAsia offers merchandises onboard including souvenirs (such as airplane model and graphic T-shirt), travel gadgets (such as phone chargers and earphones) seasonal or festive items and travel essentials (such as luggage locks and pillow & comforter kits). Through King Power International, Thai AirAsia also offers duty free products which can be purchased on our international flights, the payment can be made using either cash or credit cards Additionally, Thai AirAsia offers merchandises onboard including souvenirs (such as airplane model and graphic T-shirt), travel gadgets (such as phone chargers and earphones) seasonal or festive items and travel essentials (such as luggage locks and pillow & comforter kits). Through King Power Marketing and Management Co., Ltd, Thai AirAsia also offers duty free products which can be purchased on our international flights, the payment can be made using either cash or credit cards

7 9. Amendment to Part 3, Page 15, Clause 1.4 Shareholding Structure (1) The top 10 shareholders from the latest shareholder registration as of March 15, 2016 are as follows: Name Number of Shares As a Percentage of Total Issued and Paid-up Shares As a Percentage of Total Voting Rights 1. Miss Pattaree Bijleveld 921,500, Mr. Tassapon Bijleveld 630,564, Mrs. Siritorn Bijleveld 582,024, Thai NVDR Company Limited 498,184, Bualuang Long-term Equity Funds 234,682, Bualuang Long-term Equity Funds 75/25 149,244, Bualuang Flexible RMF 78,878, Bualuang Top Ten Open-end Fund 61,671, Electricity Generating Authority of Thailand Employees 56,866, Provident Fund (managed by BBLAM) 10. Bualuang Infrastructure RMF 47,678, Total 3,261,293, Source: SETSMART as of June 15, 2016 (1.1) The top 10 shareholders of Thai AirAsia from the latest shareholder registration as of December 31, 2015 are as follows: Name Number of As a Percentage of Total As a Percentage of Total Shares Issued and Paid-up Shares Voting Rights 1) Asia Aviation Public Company Limited 23,955, ) Airasia Investment Company Limited 19,600, ) Mr. Tassapon Bijleveld ) Captain Tanapat Ngamplang ) M.L. Bovornnavathep Devakula ) Mr. Preechaya Rasametanin ) Mr. Santisuk Klongchaiya ) Ms. Hathaimas Ekkalakdilok Total 43,555, Source: 56-1 Form 2015 of the Business

8 (1) The top 10 shareholders from the latest shareholder registration as of June 16, 2016 Name Number of Shares As a Percentage of Total Issued and Paid-up Shares As a Percentage of Total Voting Rights 1) Mr. Vichai Srivaddhanaprabha 679,000, ) Thai NVDR Company Limited 630,409, ) Mr. Aiyawatt Srivaddhanaprabha 485,088, ) Mr. Apichet Srivaddhanaprabha 282,200, ) Ms. Voramas Srivaddhanaprabha 242,500, ) Ms. Aroonrung Srivaddhanaprabha 242,500, ) Mr. Tassapon Bijleveld /1 242,500, ) Bualuang Long-term Equity Funds 165,844, ) Bualuang Long-term Equity Funds 75/25 106,415, ) Electricity Generating Authority of Thailand 53,795, Employees Provident Fund (managed by BBLAM) Total 3,130,252, Source: Thailand Securities Depository Co. Ltd. 1/ Remarks: On January 29, 2016, Mr. Tassapon Bijleveld, the Company s major shareholder, has transferred his ordinary shares in the amount of 1,503,524,078 shares representing 31% of the Company s issued shares to Mrs. Siritorn Bijleveld (spouse) in the amount of 582,024,078 shares and Miss Pattaree Bijleveld (child) in the amount of 921,500,000shares representing 19% and 12% respectively. As there is no change of control in the Company, Mr. Tassapon Bijleveld, Mrs. Siritorn Bijleveld and Miss Pattaree Bijleveld had received a waiver from the Securities and Exchange Commission to make a tender offer as per the letter from the SEC number SEC.PorSor.167/2559, SEC.PorSor.168/2559 and SEC.PorSor.169/2559, respectively, dated 28 January (1.1) The top 8 shareholders of Thai AirAsia from the latest shareholder registration as of June 16, 2016 Name Number of Shares As a Percentage of Total Issued and Paid-up Shares As a Percentage of Total Voting Rights 1) Asia Aviation Public Company Limited 23,955, ) Airasia Investment Company Limited /1/2 19,600, ) Mr. Tassapon Bijleveld ) Captain Tanapat Ngamplang ) M.L. Bovornnavathep Devakula ) Mr. Preechaya Rasametanin ) Mr. Santisuk Klongchaiya ) Ms. Hathaimas Ekkalakdilok Total 43,555, Source: AAV Remarks: 1/ AirAsia Investment is a 100% owned by AirAsia Berhad, a subsidiaries of Air Asia Group incorporated in Malaysia. 2/ AirAsia Berhad is an investment holding company, listed in Bursa Malaysia

9 (1.2) The Top 9 Shareholders of Air Asia Berhad from the latest shareholder registration as of June 16, 2016 Direct Holding Indirect Holding Name Percentage Percentage No. of Shares No. of Shares holding (%) holding (%) 1) Tune Air Sdn Bhd 528,542, ) Tan Sri Dr. Anthony Francis Fernandes 1,600, ,542, ) Dato Kamarudin Bin Meranun 2,000, ,542, ) Employees Provident Fund Board 161,791, ,895, ) Wellington Management International, Ltd 194,077, ) Wellington Management Global Holdings, Ltd ,216, ) Wellington Investment Advisors Holdings LLP ,010, ) Wellington Group Holdings LLP ,010, ) Wellington Management Group LLP ,010, Total 888,011, ,248, Source: AAV 10. Amendment to Part 3, Page 16, Clause 1.5 List of Board of Directors Replace the with the Following : Under the Share Purchase Agreement (SPA), the Seller shall proceed to hold the meetings of board of directors of the Business and the subsidiaries of the Business to appoint up to 6 persons, designated by the Offeror, to be the new directors of the Business and up to 4 persons, designated by the Purchaser, to be the new directors of the subsidiaries of the Business in replacement of the resigning directors of the Business and the subsidiaries of the Business (as the case may be). On June 13, 2016, the Closing Date, the Business appointed 3 persons, designated by the Offeror, in replacement of the 3 resigning directors of the Business as follows: 1) Appointed Mr. Sombat Dechapanichkul to be the director in replacement of Mrs. Pattra Boosarawongse 2) Appointed Mr. Aiyawatt Srivaddhanaprabha to be the director in replacement of Mr. Tanapat Ngamplang 3) Appointed Mr. Apichet Srivaddhanaprabha to be the director in replacement of Mr. Preechaya Rasametanin As a result, List of the Board of Directors of the Business as of June 16, 2016 is as follows: Name Position 1. Mr. Arak Chonlatanon Chairman of the Board/Independent Director/ Chairman of the Audit Committee 2. Mr. Tassapon Bijleveld Executive Director/Director 3. Mr. Santisuk Klongchaiya Director 4. M.L. Bovornovadep Devakula Director

10 Name Position 5. Mr. Sombat Dechapanichkul Director 6. Mr. Aiyawatt Srivaddhanaprabha Director 7. Mr. Apichet Srivaddhanaprabha Director 8. Mr. Distorn Vajarodaya Independent Director/ Audit Committee Member 9. Mr. Nuttawut Phowborom Independent Director/ Audit Committee Member Source: Department of Business Development, Ministry of Commerce However, the Offeror shall further designate up to 3 persons, the remaining number of designated directors, to be the directors of the Business in order to be in line with the terms in the SPA. Nevertheless, for the designation of up to 4 persons by the Offeror to be the directors of the subsidiaries of the Business, on June 14 and 15, 2016, the Business appointed 2 persons, designated by the Offeror, to be the directors of the subsidiaries of the Business in replacement of the resigning directors as follows: 1) Appointed Mr. Sombat Dechapanichkul to be the director in replacement of Mrs. Pattra Boosarawongse 2) Appointed Mr. Aiyawatt Srivaddhanaprabha to be the director in replacement of Mr. Santisuk Klongchaiya As a result, List of the Board of Directors of the subsidiaries of the Business as of June 16, 2016 is as follows: Name 1. Mr. Arak Chonlatanon Position Chairman of the Board/Independent Director/ Chairman of the Audit Committee 2. Mr. Tassapon Bijleveld Executive Director/Director 3. Mr. Sombat Dechapanichkul Director 4. Mr. Aiyawatt Srivaddhanaprabha Director 5. Tan Sri Dr. Anthony Francis Fernandes Director 6. Dato Kamarudin Bin Meranun Director 7. Mr. Nuttawut Phowborom Independent Director/ Audit Committee Member Source: Department of Business Development, Ministry of Commerce However, the Offeror shall further designate up to 2 persons, the remaining number of designated directors, to be the directors of the subsidiaries of the Business in order to be in line with the terms in the SSPA. Nevertheless, under the SSPA, the Seller shall proceed to hold the meeting of the board of directors of the Business and the subsidiaries of the Business (at the case may be) to change the authorized directors of the Business and the subsidiaries of the Business to be the authorized directors designated by the Offeror. On June 13, 2016, the Closing Date, the Business changed the authorized directors from:

11 Mr. Tassapon Bijleveld jointly signs with one of Captain Tanapat Ngamplang or Mr. Preechaya Rasametanin or M.L. Bovornovadep Devakula or Mr. Santisuk Klongchaiya or Mrs. Pattra Boosarawongse, in an aggregation of 2 persons, together with the company s seal affixed. to be as follows: Mr. Tassapon Bijleveld or Mr. Santisuk Klongchaiya or M.L. Bovornovadep Devakula jointly signs with Mr. Sombat Dechapanichkul or Mr. Aiyawatt Srivaddhanaprabha or Mr. Apichet Srivaddhanaprabha, in an aggregation of two persons, together with the company s seal affixed. On June 15, 2016, the subsidiaries of the Business appointed the authorized directors of the subsidiaries of the Business changed the authorized directors from: Mr. Tassapon Bijleveld jointly signs with Mrs. Pattra Boosarawongse, in an aggregation of 2 persons, together with the company s seal affixed or Mr. Tassapon Bijleveld jointly signs with Mr. Santisuk Klongchaiya and jointly signs with one of Tan Sri Dr. Anthony Francis Fernandes or Dato Kamarudin Bin Meranun, in an aggregation of 3 persons, together with the company s seal affixed. to be as follows: (1) Mr. Tassapon Bijleveld jointly signs with one of Mr. Sombat Dechapanichkul or Mr. Aiyawatt Srivaddhanaprabha, in an aggregation of 2 persons, together with the company s seal affixed or (2) Mr. Sombat Dechapanichkul and Mr. Aiyawatt Srivaddhanaprabha jointly signs with one of Tan Sri Dr. Anthony Francis Fernandes or Dato Kamarudin Bin Meranun, in an aggregation of 3 persons, together with the company s seal affixed. However, for the proposal of the appointment of the designated persons by the Offeror shall be considered and proceed upon suitability in order to comply with the Articles of Association of the Business and Notification of the Office of the Securities and Exchange Commission Re: Guidelines for Application and Approval for Appointment of Person to be Director or Manager of Securities Company B.E and Notification of the Securities and Exchange Commission No. 8/2553 Re: Determination of Untrustworthy Characteristics of Company Directors and Executives, including laws and regulations issued by relevant agencies. 11. Addition to Part 3, Page 19, Clause 1.6 The highest and lowest price of the Business securities in each quarter during the past 3 years Year 2016 Date Highest and Lowest price (Baht per Share) Lowest Price Highest Price 1 Jun Jun Jun

12 Year Source: SETSMART Date Highest and Lowest price (Baht per Share) Lowest Price Highest Price 6 Jun Jun Jun Jun Jun Jun Jun Jun Jun Jun Jun Jun Jun Jun Amendment to Part 3, Page 20, Clause 2.2 Paragraph 3 of Policies and Plans of Business Operations..The Offeror will proceed with the investment policy in accordance existing expertise and target market of each company that is different in both location and pricing without conflict of interest between the Offeror and AAV that may impact the shareholders of any party The Offeror will proceed with the investment policy in accordance existing expertise and target market of each company that is different in both location and pricing without conflict of interest between the Offeror and AAV that may impact the shareholders of any party. The Offeror have no intension or policies in merger and acquisition, amendment of existing dividend policies, divestment of assets of the company that may have a material impact on business operations within 12 months period from the last day of the Tender Offer Period 13. Amendment of Part 3, Page 21, Clause 2.3 Related Party Transaction Prior to the Tender Offer The Offeror and the other individuals belonging in the same group of the Offeror which are the major shareholders of the KPM entered into the related party transaction with respect to the TAA having Asia

13 Aviation Public Company as the major shareholder. The details of the material related party transaction, whose terms and conditions are in the ordinary course of business, are as follows: Parties : Thai AirAsia Co., Ltd. (the TAA ) King Power Marketing and Management Co., Ltd. (the KPM ) Material Nature of the : Undertaking and Managing the Sale of Duty Free Goods on Board Agreement Agreement - The TAA entitles the KPM to manage the sale of duty free goods on international flights of the TTA undertaken by crews of the TAA which providing service to passengers in any flights of the TAA. - The KPM shall pay commission fee to the TAA on monthly basis. Term of the Agreement : From July 19, 2011 to December 19, 2016 After the Tender Offer Within 12 months of the end of offering period, the Offeror have not planned to make any material change on type and size of the existing related party transactions under the Policy on the Related Party Transaction of the Business. However, the Offeror shall carefully consider to ensure that the related party transactions, existing transactions and future transactions, will be transactions on the arm s length basis Prior to the Tender Offer The Offeror and the Group of Offerors who are the major shareholders of the KPM and King Power International entered into the related party transaction with respect to the TAA having Asia Aviation Public Company as the major shareholder. The details of the material related party transaction, whereby the price, the terms and conditions are in the ordinary course of business in similar manners that would be with non-related party (Arm s Length Basis), are as follows: Undertaking and Managing the Sale of Duty Free Goods on Board Agreement Parties : Thai AirAsia Co., Ltd. (the TAA ) King Power Marketing and Management Co., Ltd. (the KPM ) Material Nature of the : Undertaking and Managing the Sale of Duty Free Goods on Board Agreement Agreement - The TAA entitles the KPM to manage the sale of duty free goods on international flights of the TTA undertaken by crews of the TAA which providing service to passengers in any flights of the TAA. Term of the Agreement - The KPM shall pay commission fee to the TAA on monthly basis. : From July 19, 2011 to December 19, 2016 Transaction Size : THB 2.5 mm for the period starting 1 June 2015 to 30 May 2016 (Last 12 Month)

14 Support Leicester City International Academy Parties : Thai AirAsia Co., Ltd. (the TAA ) King Power International Co., Ltd Material Nature of the : Support Leicester City International Academy in selecting junior football player in Agreement Thailand to join a football program at Leicester City Football Club in England Term of the Agreement : From January to 30 June 2017 Transaction Size : THB 25 mm for the period starting 1 January 2015 to 30 June 2017 After the Tender Offer Within 12 months of the end of offering period, the Offeror have not planned to make any material change on the policy, pricing and conditions with regards to current and potential related party transactions in the future including the type and size of the related party transaction under the Policy on the Related Party Transaction of the Business. Moreover, related party transactions will be subject to approval procedure and policy, which can be summarized as follows: Approval Procedure for Related Parties Transactions In the case of entering into the related parties transactions, AAV will follow the guidance in accordance with the Securities and Exchange Act as well as the notifications, rules and regulations of the Securities Exchange Commission (SEC) and will consider on the basis of necessity and reasonableness of the transaction with the fair price and business terms at the company s best interests before proposing to the Board of Directors and/or Shareholders Meeting, as the case may be. Any person with conflict of interest shall not be involved in the consideration or approval on such transaction. In the case that the Audit Committee of the Company lacks the expertise in considering the proposed related parties transactions, AAV will appoint independent experts or auditors for a fairness opinion on such transactions. Policy on Entering into the Related Parties Transaction in the Future The Business may enter into transactions with related parties in the future with considerations on the reasonableness, the appropriate pricing policy and fair business terms will be considered and opined by the Audit Committee as reasonable and essential for the operations of the Business, having general commercial terms under the normal course of business in similar manners that would be with non-related party (Arm s Length Basis) at the best interest of the Business. However, if there s any change from external factors that may affect business operations such as market condition, competitiveness and market demand, the Offeror shall carefully consider ensuring that the related party transactions both for the existing transactions and future transactions, will be transactions in similar manners that would be with non-related party (Arm s Length Basis).

15 We hereby certify that all information contained in the amendment of this Tender Offer is correct, accurate complete and there is no information that may lead other persons to any misunderstanding in all material aspect and no concealment is made on any material information which should be disclosed. -Mr. Vichai Srivaddhanaprabha- Mr. Vichai Srivaddhanaprabha The Tender Offeror

16 We hereby certify that all information contained in the amendment of this Tender Offer is correct, accurate complete and there is no information that may lead other persons to any misunderstanding in all material aspect and no concealment is made on any material information which should be disclosed. -Mr. Aiyawatt Srivaddhanaprabha- Mr. Aiyawatt Srivaddhanaprabha Group of the Offerors

17 We hereby certify that all information contained in the amendment of this Tender Offer is correct, accurate complete and there is no information that may lead other persons to any misunderstanding in all material aspect and no concealment is made on any material information which should be disclosed. -Mr. Apichet Srivaddhanaprabha- Mr. Apichet Srivaddhanaprabha Group of the Offerors

18 We hereby certify that all information contained in the amendment of this Tender Offer is correct, accurate complete and there is no information that may lead other persons to any misunderstanding in all material aspect and no concealment is made on any material information which should be disclosed. - Ms. Voramas Srivaddhanaprabha - Ms. Voramas Srivaddhanaprabha Group of the Offerors

19 We hereby certify that all information contained in the amendment of this Tender Offer is correct, accurate complete and there is no information that may lead other persons to any misunderstanding in all material aspect and no concealment is made on any material information which should be disclosed. -Ms. Aroonrung Srivaddhanaprabha- Ms. Aroonrung Srivaddhanaprabha Group of the Offerors

20 We hereby certify that all information contained in the amendment of this Tender Offer is correct, accurate complete and there is no information that may lead other persons to any misunderstanding in all material aspect and no concealment is made on any material information which should be disclosed. The Siam Commercial Bank Public Company Limited -Mr. Artapong Porndhiti - Mr. Artapong Porndhiti Executive Vice President Head of Investment Banking Division 2 Preparer of the Tender Offer -Mr. Thanart Aramrueng- Mr. Thanart Aramrueng Vice President Supervisor