(Following is a press release of Krung Thai Asset Management Co. Pcl via an electronic mail. The statement was confirmed by the sender.) Subscription for TLGF’s new investment units to open from November 26-29, 2012 for existing unitholders Following approval by the Office of the Securities and Exchange Commission (“SEC”), Tesco Lotus Retail Growth Freehold and Leasehold Property Fund (“TLGF”) is moving forward with its planned capital increase. The final offering price and entitlement ratio will be announced on November 23, 2012, while the subscription will take place November 26-29, 2012. The final offering price for new investment units and the entitlement ratio will be determined via a bookbuilding process with institutional investors, in which Tesco Lotus will not participate. The results will be announced on November 23 through (1) Office of Krung Thai Asset Management Public Company Limited (“KTAM”) or on KTAM’s website at www.ktam.co.th (2) the website of TLGF at www.tlgf-fund.com and (3) head office and branches of Krungthai Bank (“KTB”) or CIMB Thai Bank (“CIMBT”). Investors may also contact the call centers of KTAM (02-670-4900), KTB (1551) or CIMBT (02-626-7777) for information on pricing and entitlements Mr. Somchai Boonnamsiri, CEO of KTAM, the Management Company of TLGF, said “Following the SEC’s approval, TLGF is proceeding with the subscription process which will increase the size of the fund substantially. Considering our strong performance, high quality asset portfolio and good subscription and allocation process, we are confident of the success of this capital increase.” TLGF plans to issue and allocate up to 650 million new investment units with the aim of raising up to Baht 7,545 million to invest in five additional Tesco Lotus hypermarket-anchored shopping malls, bringing TLGF’s portfolio to 22 high quality assets. Upon the completion, TLGF will become Thailand’s largest property fund by market capitalization. The new investment units will be offered to eligible existing unitholders according to their unitholding, whereby those whose names appeared on the register of unitholders on November 6, 2012 are eligible to subscribe. Eligible unitholders can subscribe beyond their entitlements. Tesco Lotus, TLGF’s largest unitholder, will subscribe to new investment units according to its entitlement, with an intention to maintain its unitholding at approximately 25%. Investment units will be allocated to eligible unitholders according to their entitlements in the first round. Any remaining investment units from the first round of allocation will also be allocated to eligible unitholders until all demand from eligible unitholders has been fulfilled or the investment units have been fully allocated. Eligible unitholders can subscribe during office hours from November 26 to November 28, and from start of business until noon of November 29, 2012, at KTAM, KTB and CIMBT branches nationwide. Funds raised through the plan will be used for the investment in five additional properties located in Phuket, Salaya, Nakornsrithammarat, Rangsit Nakornnayok and Bangpoo. This injection will increase TLGF’s total net lettable area by almost 80,000 square meters or more than 34%. Three of the five new properties are freehold and TLGF’s proportion of freehold properties will be increased to 75% following this investment. Mr. Sompong Rungnirattisai, Tesco Lotus’s Property Director said “Following this investment, TLGF will become Thailand’s largest property fund by all major metrices. The assets will start generating income for TLGF from the first day. The average occupancy rate of the five shopping malls is 99.7%, with a well-balanced mix of short and long-term tenants contributing to the rental revenue. The injection of these high quality assets is proof of Tesco Lotus’ commitment to the Fund.” -End-The distribution of this announcement may be restricted by law in certain jurisdictions. Persons into whose possession this announcement comes are required to inform themselves about and to observe any such restrictions. This announcement is not an offer of securities for sale in the United States or elsewhere. The securities referred to herein are not being registered under the U.S. Securities Act of 1933, as amended (the “Securities Act”), and may not be offered or sold in the United States unless registered under the Securities Act or pursuant to an exemption from such registration. There will be no public offering of the securities referred to herein in the United States. Copies of this announcement are not being, and should not be, distributed in or sent into the United States, Canada, Japan or Australia. For more information: Media: Ogilvy Public Relations Eakkapop Panthurat Tel: 02 205 6614, 089 676 6234 firstname.lastname@example.org Puntarika Susuntitapong Tel: 02 205 6630, 081 146 0003 email@example.com Krungthai Asset Management Plc. Saengsiri Netumporn Tel: 0-2670-4900 ext. 1235 firstname.lastname@example.org #<188905.404248.3.2.1.0.76>#
TESCO’S THAI PROPERTY FUND TO SELL NEW INVESTMENT UNITS IN NOV.
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